5, CORN MILL CLOSE, WALSALL, WS1 4LY - £60,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 CORN MILL CLOSE is a very small extended detached house of 61m², built sometime between 1983 and 1990, which could now be worth an estimated £143,554. It was last sold for £60,000 in December 2002, which was around 58% below the average December 2002 detached price in the Walsall local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

5 CORN MILL CLOSE Sold Prices

Land registry data shows two sales for 5 CORN MILL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Walsall local authority area for the corresponding sale date. Both of the two 5 CORN MILL CLOSE 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
2002 18 DEC	£60,000	£141,879	58% below HPI
1995 26 MAY	£22,500	£72,891	69% below HPI

5 CORN MILL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Walsall local authority area over time, sourced from the HPI. The two 5 CORN MILL CLOSE sales from May 1995 and December 2002 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 1995 sale was for 69% below the HPI. So the extrapolation line tracks at 69% below the HPI over time, until the December 2002 sale, where it rises to 58% below the HPI. The line then continues to track at 58% below the HPI.

What might 5 CORN MILL CLOSE be worth now?

5 CORN MILL CLOSE might now be worth an estimated £143,554.

This is based on house price inflation of 139.3%, between December 2002 and December 2024, for detached houses, in the Walsall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 139.3% inflationary increase is applied to the most recent sale price for 5 CORN MILL CLOSE of £60,000 on 18th December 2002. For the value to have increased from £60,000 to £143,554 over the 22 years to December 2024, the following assumptions must hold true:

• The value of 5 CORN MILL CLOSE has moved in line with the HPI for detached houses in the Walsall local authority area.
• The December 2002 sale price of £60,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CORN MILL CLOSE has not materially changed since December 2002.

How Large is 5 CORN MILL CLOSE?

5 CORN MILL CLOSE is 61m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of detached houses houses in Walsall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Walsall, and where 5 CORN MILL CLOSE lies on this distribution: 1% of detached houses houses are smaller than 5 CORN MILL CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Walsall.

5 CORN MILL CLOSE: Plot and Title Map

5 CORN MILL CLOSE sits on a plot of roughly 0.043 of an acre, or 172m². The below map shows the location of 5 CORN MILL CLOSE, 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 5 CORN MILL CLOSE). 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 5 CORN MILL CLOSE?

5 CORN MILL CLOSE is located in WALSALL, in the WS1 postcode district. The below map shows the position of No. 5 on CORN MILL CLOSE.