7, SPRING LANE, WALSALL, WS4 1AZ - £155,000

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

7 SPRING LANE is a small extended detached house of 96m², built sometime before 1900. It was last sold for £155,000 in February 2019, which was around 43% below the average February 2019 detached price in the Walsall local authority area. The most recent EPC inspection was September 2018, where the current energy rating was E, and the potential energy rating was C.

7 SPRING LANE Sold Prices

Land registry data shows two sales for 7 SPRING 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. Both of the two 7 SPRING 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
2019 15 FEB	£155,000	£273,967	43% below HPI
2002 30 AUG	£83,000	£135,838	39% below HPI

7 SPRING 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 7 SPRING LANE sales from August 2002 and February 2019 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 August 2002 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the February 2019 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 7 SPRING LANE?

7 SPRING LANE is 96m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the smallest 40% of detached houses in Shelfield, based on EPC data. The below chart shows the distribution of detached houses by size in Shelfield, and where 7 SPRING LANE lies on this distribution: 32% of detached houses are smaller than 7 SPRING LANE, and 66% of houses are larger. Note that EPC data is not available for all properties in Shelfield.

7 SPRING LANE: Plot and Title Map

7 SPRING LANE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 7 SPRING 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 7 SPRING 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 7 SPRING LANE?

7 SPRING LANE is located in WALSALL, in the WS4 postcode district. The below map shows the position of No. 7 on SPRING LANE.