3, LEA LANE, WALSALL, WS6 6BZ - £171,800

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

3 LEA LANE is a small extended detached house of 86m², built sometime between 1976 and 1982. It was last sold for £171,800 in November 2013, which was around 31% below the average November 2013 detached price in the South Staffordshire local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

3 LEA LANE Sold Prices

Land registry data shows two sales for 3 LEA LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. Both of the two 3 LEA LANE 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
2013 15 NOV	£171,800	£249,245	31% below HPI
2012 24 AUG	£130,000	£248,879	48% below HPI

3 LEA LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Staffordshire local authority area over time, sourced from the HPI. The two 3 LEA LANE sales from August 2012 and November 2013 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 August 2012 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the November 2013 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 3 LEA LANE?

3 LEA LANE is 86m², which includes three extensions, according to the EPC inspection conducted in January 2015. This puts it in the smallest 30% of detached houses in Great Wyrley, based on EPC data. The below chart shows the distribution of detached houses by size in Great Wyrley, and where 3 LEA LANE lies on this distribution: 22% of detached houses are smaller than 3 LEA LANE, and 77% of houses are larger. Note that EPC data is not available for all properties in Great Wyrley.

3 LEA LANE: Plot and Title Map

3 LEA LANE sits on a plot of roughly 0.118 of an acre, or 479m². The below map shows the location of 3 LEA LANE, 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 3 LEA LANE). 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 3 LEA LANE?

3 LEA LANE is located in WALSALL, in the WS6 postcode district. The below map shows the position of No. 3 on LEA LANE.