61, MILL LANE, WILLENHALL, WV12 4QH - £255,000

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

61 MILL LANE is a large extended detached house of 121m², built sometime between 1950 and 1966. It was last sold for £255,000 in August 2017, which was about the average August 2017 detached price in the Walsall local authority area. The most recent EPC inspection was February 2014, where the current energy rating was E, and the potential energy rating was C.

61 MILL LANE Sold Prices

Land registry data shows two sales for 61 MILL LANE 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. One of the two 61 MILL LANE sales was roughly equal to the average price, whilst the other was 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
2017 21 AUG	£255,000	£254,158	Close to HPI
1998 27 MAR	£69,000	£85,312	19% below HPI

61 MILL LANE 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 61 MILL LANE sales from March 1998 and August 2017 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 March 1998 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2017 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 61 MILL LANE?

61 MILL LANE is 121m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the largest 30% of detached houses in Willenhall, based on EPC data. The below chart shows the distribution of detached houses by size in Willenhall, and where 61 MILL LANE lies on this distribution: 75% of detached houses are smaller than 61 MILL LANE, and 24% of houses are larger. Note that EPC data is not available for all properties in Willenhall.

61 MILL LANE: Plot and Title Map

61 MILL LANE sits on a plot of roughly 0.154 of an acre, or 624m². The below map shows the location of 61 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 61 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 61 MILL LANE?

61 MILL LANE is located in WILLENHALL, in the WV12 postcode district. The below map shows the position of No. 61 on MILL LANE.