50, PENNS LAKE ROAD, SUTTON COLDFIELD, B76 1LR - £690,000

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

50 PENNS LAKE ROAD is a very large detached house of 221m², built sometime between 1967 and 1975. It was last sold for £690,000 in January 2023, which was around 52% above the average January 2023 detached price in the Birmingham local authority area. The most recent EPC inspection was October 2021, where the current energy rating was E, and the potential energy rating was C.

50 PENNS LAKE ROAD Sold Prices

Land registry data shows two sales for 50 PENNS LAKE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. Both of the two 50 PENNS LAKE ROAD 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
2023 16 JAN	£690,000	£453,930	52% above HPI
1998 18 JUN	£205,000	£103,627	98% above HPI

50 PENNS LAKE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Birmingham local authority area over time, sourced from the HPI. The two 50 PENNS LAKE ROAD sales from June 1998 and January 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 June 1998 sale was for 98% above the HPI. So the extrapolation line tracks at 98% above the HPI over time, until the January 2023 sale, where it falls to 52% above the HPI. The line then continues to track at 52% above the HPI.

How Large is 50 PENNS LAKE ROAD?

50 PENNS LAKE ROAD is 221m² according to the EPC inspection conducted in October 2021. This puts it in the largest 10% of detached houses in Royal Sutton Coldfield, based on EPC data. The below chart shows the distribution of detached houses by size in Royal Sutton Coldfield, and where 50 PENNS LAKE ROAD lies on this distribution: 91% of detached houses are smaller than 50 PENNS LAKE ROAD, and 9% of houses are larger. Note that EPC data is not available for all properties in Royal Sutton Coldfield.

50 PENNS LAKE ROAD: Plot and Title Map

50 PENNS LAKE ROAD sits on a plot of roughly 0.493 of an acre, or 1,994m². The below map shows the location of 50 PENNS LAKE ROAD, 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 50 PENNS LAKE ROAD). 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 50 PENNS LAKE ROAD?

50 PENNS LAKE ROAD is located in SUTTON COLDFIELD, in the B76 postcode district. The below map shows the position of No. 50 on PENNS LAKE ROAD.