40, WELL LANE, GREAT WYRLEY, WALSALL, WS6 6EZ - £315,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

40 WELL LANE is a very small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £315,000 in December 2023, which was around 23% below the average December 2023 detached price in the South Staffordshire local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

40 WELL LANE Sold Prices

Land registry data shows three sales for 40 WELL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. All of the three 40 WELL 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
2023 19 DEC	£315,000	£409,528	23% below HPI
2022 31 MAY	£330,000	£399,993	17% below HPI
1998 31 JUL	£79,500	£103,908	23% below HPI

40 WELL 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 three 40 WELL LANE sales between July 1998 and December 2023 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 May 2022 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2023 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 40 WELL LANE?

40 WELL LANE is 76m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% 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 40 WELL LANE lies on this distribution: 14% of detached houses are smaller than 40 WELL LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Great Wyrley.

40 WELL LANE: Plot and Title Map

40 WELL LANE sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of 40 WELL 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 40 WELL 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 40 WELL LANE?

40 WELL LANE is located in GREAT WYRLEY, in the WS6 postcode district. The below map shows the position of No. 40 on WELL LANE.