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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

245 BROAD LANES is a very small detached house of 82m², built sometime between 1967 and 1975. It was last sold for £150,000 in August 2024, which was around 55% 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	£336,379	55% below HPI
2019 24 JUL	£161,000	£242,694	34% 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 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2024 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

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 in Bilston, based on EPC data. The below chart shows the distribution of detached houses by size in Bilston, and where 245 BROAD LANES lies on this distribution: 17% of detached houses are smaller than 245 BROAD LANES, and 82% 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 0.231 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.