5, MILL LANE, ALDRIDGE, WALSALL, WS9 0LZ - £603,500

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

5 MILL LANE is a small extended detached house of 151m², built sometime between 1930 and 1949. It was last sold for £603,500 in July 2016, which was around 74% above the average July 2016 detached price in the Lichfield local authority area. The most recent EPC inspection was May 2015, where the current energy rating was E, and the potential energy rating was D.

5 MILL LANE Sold Prices

Land registry data shows three sales for 5 MILL 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 Lichfield local authority area for the corresponding sale date. All of the three 5 MILL LANE sales were 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
2016 28 JUL	£603,500	£346,649	74% above HPI
2006 8 SEP	£490,000	£282,949	73% above HPI
1998 23 MAR	£170,000	£113,506	50% above HPI

5 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The three 5 MILL LANE sales between March 1998 and July 2016 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 September 2006 sale was for 73% above the HPI. So the extrapolation line tracks at 73% above the HPI over time, until the July 2016 sale, where it rises to 74% above the HPI. The line then continues to track at 74% above the HPI.

How Large is 5 MILL LANE?

5 MILL LANE is 151m², which includes two extensions, according to the EPC inspection conducted in May 2015. This puts it in the smallest 30% of detached houses in Mill Green, based on EPC data. The below chart shows the distribution of detached houses by size in Mill Green, and where 5 MILL LANE lies on this distribution: 24% of detached houses are smaller than 5 MILL LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Mill Green.

5 MILL LANE: Plot and Title Map

5 MILL LANE sits on a plot of roughly 0.252 of an acre, or 1,020m². The below map shows the location of 5 MILL 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 5 MILL 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 5 MILL LANE?

5 MILL LANE is located in ALDRIDGE, in the WS9 postcode district. The below map shows the position of No. 5 on MILL LANE.