245, BROAD LANES, BILSTON, WV14 0RY - £150,000

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.

245 BROAD LANES is a very small detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £152,189. It was last sold for £150,000 in August 2024, which was around 54% below the average August 2024 detached price in the Wolverhampton local authority area. The most recent EPC inspection was August 2024, where the current energy rating was D, and the potential energy rating was B.

245 BROAD LANES Sold Prices

Land registry data shows two sales for 245 BROAD LANES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. Both of the two 245 BROAD LANES 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
2024 8 AUG	£150,000	£328,795	54% below HPI
2019 24 JUL	£161,000	£236,358	32% below HPI

245 BROAD LANES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wolverhampton local authority area over time, sourced from the HPI. The two 245 BROAD LANES sales from July 2019 and August 2024 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 July 2019 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2024 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

What might 245 BROAD LANES be worth now?

245 BROAD LANES might now be worth an estimated £152,189.

This is based on house price inflation of 1.5%, between August 2024 and February 2025, for detached houses, in the Wolverhampton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.5% inflationary increase is applied to the most recent sale price for 245 BROAD LANES of £150,000 on 8th August 2024. For the value to have increased from £150,000 to £152,189 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 245 BROAD LANES has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The August 2024 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 245 BROAD LANES has not materially changed since August 2024.

How Large is 245 BROAD LANES?

245 BROAD LANES is 82m² according to the EPC inspection conducted in August 2024. This puts it in the smallest 20% of detached houses houses in Bilston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bilston, and where 245 BROAD LANES lies on this distribution: 18% of detached houses houses are smaller than 245 BROAD LANES, and 81% of houses are larger. Note that EPC data is not available for all properties in Bilston.

245 BROAD LANES: Plot and Title Map

245 BROAD LANES sits on a plot of roughly 0.232 of an acre, or 937m². The below map shows the location of 245 BROAD LANES, 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 245 BROAD LANES). 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 245 BROAD LANES?

245 BROAD LANES is located in BILSTON, in the WV14 postcode district. The below map shows the position of No. 245 on BROAD LANES.