7, BANKS STREET, WILLENHALL, WV13 1SP - £225,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 BANKS STREET is a very large extended detached house of 219m², built sometime before 1900, which could now be worth an estimated £511,352. It was last sold for £225,000 in April 2003, which was around 50% above the average April 2003 detached price in the Walsall local authority area. The most recent EPC inspection was June 2016, where the current energy rating was E, and the potential energy rating was C.

7 BANKS STREET Sold Prices

Land registry data shows two sales for 7 BANKS STREET 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 7 BANKS STREET 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
2003 4 APR	£225,000	£149,983	50% above HPI
2002 21 JUN	£145,000	£126,654	14% above HPI

7 BANKS STREET 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 7 BANKS STREET sales from June 2002 and April 2003 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 2002 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the April 2003 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 7 BANKS STREET be worth now?

7 BANKS STREET might now be worth an estimated £511,352.

This is based on house price inflation of 127.3%, between April 2003 and February 2025, 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 127.3% inflationary increase is applied to the most recent sale price for 7 BANKS STREET of £225,000 on 4th April 2003. For the value to have increased from £225,000 to £511,352 over the 22 years and two months to February 2025, the following assumptions must hold true:

• The value of 7 BANKS STREET has moved in line with the HPI for detached houses in the Walsall local authority area.
• The April 2003 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BANKS STREET has not materially changed since April 2003.

How Large is 7 BANKS STREET?

7 BANKS STREET is 219m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the largest 10% of detached houses houses in Willenhall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Willenhall, and where 7 BANKS STREET lies on this distribution: 98% of detached houses houses are smaller than 7 BANKS STREET, and 2% of houses are larger. Note that EPC data is not available for all properties in Willenhall.

7 BANKS STREET: Plot and Title Map

7 BANKS STREET sits on a plot of roughly 0.189 of an acre, or 765m². The below map shows the location of 7 BANKS STREET, 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 7 BANKS STREET). 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 7 BANKS STREET?

7 BANKS STREET is located in WILLENHALL, in the WV13 postcode district. The below map shows the position of No. 7 on BANKS STREET.