2, FARRIERS MILL, PELSALL, WALSALL, WS3 4QZ - £262,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 FARRIERS MILL is a very small extended detached house of 77m², built sometime between 1996 and 2002, which could now be worth an estimated £298,998. It was last sold for £262,500 in December 2021, which was around 13% below the average December 2021 detached price in the Walsall local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

2 FARRIERS MILL Sold Prices

Land registry data shows four sales for 2 FARRIERS MILL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Walsall local authority area for the corresponding sale date. All of the four 2 FARRIERS MILL sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 22 DEC	£262,500	£302,174	13% below HPI
2009 2 SEP	£160,000	£191,094	16% below HPI
2003 20 JUN	£144,950	£151,037	4% below HPI
1998 26 JUN	£80,300	£83,454	4% below HPI

2 FARRIERS MILL Price Paid vs. HPI Average

The below graph shows the average detached house price in the Walsall local authority area over time, sourced from the HPI. The four 2 FARRIERS MILL sales between June 1998 and December 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2009 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2021 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 2 FARRIERS MILL be worth now?

2 FARRIERS MILL might now be worth an estimated £298,998.

This is based on house price inflation of 13.9%, between December 2021 and March 2025, for detached houses, in the Walsall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.9% inflationary increase is applied to the most recent sale price for 2 FARRIERS MILL of £262,500 on 22nd December 2021. For the value to have increased from £262,500 to £298,998 over the four years and nine months to March 2025, the following assumptions must hold true:

• The value of 2 FARRIERS MILL has moved in line with the HPI for detached houses in the Walsall local authority area.
• The December 2021 sale price of £262,500 represented a fair market value for the property.
• The size, condition, and specification of 2 FARRIERS MILL has not materially changed since December 2021.

How Large is 2 FARRIERS MILL?

2 FARRIERS MILL is 77m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the smallest 20% of detached houses houses in Pelsall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pelsall, and where 2 FARRIERS MILL lies on this distribution: 13% of detached houses houses are smaller than 2 FARRIERS MILL, and 87% of houses are larger. Note that EPC data is not available for all properties in Pelsall.

2 FARRIERS MILL: Plot and Title Map

2 FARRIERS MILL sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 2 FARRIERS MILL, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 FARRIERS MILL). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 FARRIERS MILL?

2 FARRIERS MILL is located in PELSALL, in the WS3 postcode district. The below map shows the position of No. 2 on FARRIERS MILL.