42A, MASTERS LANE, HALESOWEN, B62 9HL - £280,000

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

42A MASTERS LANE is a very small detached house of 53m², built in 2021. It was last sold for £280,000 in October 2021, which was around 11% below the average October 2021 detached price in the Dudley local authority area. The most recent EPC inspection was September 2021, where the current energy rating was B, and the potential energy rating was A.

42A MASTERS LANE Sold Prices

Land registry data shows three sales for 42A MASTERS 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 Dudley local authority area for the corresponding sale date. Two of the three 42A MASTERS LANE sales were for below the average price, whilst one was for above 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 21 OCT	£280,000	£314,879	11% below HPI
2018 11 MAY	£320,305	£252,574	27% above HPI
2017 30 JUN	£85,000	£241,618	65% below HPI

42A MASTERS LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The three 42A MASTERS LANE sales between June 2017 and October 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 May 2018 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the October 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 42A MASTERS LANE?

42A MASTERS LANE is 53m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% of detached houses in Halesowen, based on EPC data. The below chart shows the distribution of detached houses by size in Halesowen, and where 42A MASTERS LANE lies on this distribution: 2% of detached houses are smaller than 42A MASTERS LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Halesowen.

42A MASTERS LANE: Plot and Title Map

42A MASTERS LANE sits on a plot of roughly 0.151 of an acre, or 611m². The below map shows the location of 42A MASTERS 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 42A MASTERS 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 42A MASTERS LANE?

42A MASTERS LANE is located in HALESOWEN, in the B62 postcode district. The below map shows the position of No. 42A on MASTERS LANE.