53, BANNERS LANE, HALESOWEN, B63 2AX - £316,000

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

53 BANNERS LANE is a small extended detached house of 89m², built sometime between 1930 and 1949. It was last sold for £316,000 in May 2022, which was around 5% below the average May 2022 detached price in the Dudley local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

53 BANNERS LANE Sold Prices

Land registry data shows four sales for 53 BANNERS LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. All of the four 53 BANNERS 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
2022 31 MAY	£316,000	£330,948	5% below HPI
2003 9 JUL	£164,000	£165,199	1% below HPI
1999 25 JUN	£76,500	£89,953	15% below HPI
1996 31 MAY	£65,000	£75,830	14% below HPI

53 BANNERS 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 four 53 BANNERS LANE sales between May 1996 and May 2022 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 July 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2022 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 53 BANNERS LANE?

53 BANNERS LANE is 89m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the smallest 30% of detached houses in Halesowen, based on EPC data. The below chart shows the distribution of detached houses by size in Halesowen, and where 53 BANNERS LANE lies on this distribution: 29% of detached houses are smaller than 53 BANNERS LANE, and 70% of houses are larger. Note that EPC data is not available for all properties in Halesowen.

53 BANNERS LANE: Plot and Title Map

53 BANNERS LANE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 53 BANNERS 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 53 BANNERS 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 53 BANNERS LANE?

53 BANNERS LANE is located in HALESOWEN, in the B63 postcode district. The below map shows the position of No. 53 on BANNERS LANE.