8, WOOD LANE, PELSALL, WALSALL, WS3 5DY - £250,000

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

8 WOOD LANE is a very small detached house of 69m², built sometime between 1996 and 2002. It was last sold for £250,000 in April 2023, which was around 28% below the average April 2023 detached price in the Walsall local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

8 WOOD LANE Sold Prices

Land registry data shows four sales for 8 WOOD 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 Walsall local authority area for the corresponding sale date. All of the four 8 WOOD 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
2023 6 APR	£250,000	£346,471	28% below HPI
2020 27 NOV	£185,000	£291,898	37% below HPI
2017 20 NOV	£160,000	£259,029	38% below HPI
2000 30 JUN	£83,000	£99,087	16% below HPI

8 WOOD 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 four 8 WOOD LANE sales between June 2000 and April 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 November 2020 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the April 2023 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 8 WOOD LANE?

8 WOOD LANE is 69m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of detached houses in Pelsall, based on EPC data. The below chart shows the distribution of detached houses by size in Pelsall, and where 8 WOOD LANE lies on this distribution: 6% of detached houses are smaller than 8 WOOD LANE, and 94% of houses are larger. Note that EPC data is not available for all properties in Pelsall.

8 WOOD LANE: Plot and Title Map

8 WOOD LANE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 8 WOOD 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 8 WOOD 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 8 WOOD LANE?

8 WOOD LANE is located in PELSALL, in the WS3 postcode district. The below map shows the position of No. 8 on WOOD LANE.