THE FIRS, LAUREL LANE, HALESOWEN, B63 3DA - £295,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE FIRS is a very large extended detached house of 232m², built sometime between 1930 and 1949, which could now be worth an estimated £632,844. It was last sold for £295,000 in August 2003, which was around 82% above the average August 2003 detached price in the Dudley local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

THE FIRS Sold Prices

Land registry data shows two sales for THE FIRS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. Both of the two THE FIRS 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 12 AUG	£295,000	£162,434	82% above HPI
2002 19 APR	£225,000	£120,460	87% above HPI

THE FIRS 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 two THE FIRS sales from April 2002 and August 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 April 2002 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the August 2003 sale, where it falls to 82% above the HPI. The line then continues to track at 82% above the HPI.

What might THE FIRS be worth now?

THE FIRS might now be worth an estimated £632,844.

This is based on house price inflation of 114.5%, between August 2003 and February 2025, for detached houses, in the Dudley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 114.5% inflationary increase is applied to the most recent sale price for THE FIRS of £295,000 on 12th August 2003. For the value to have increased from £295,000 to £632,844 over the 22 years and six months to February 2025, the following assumptions must hold true:

• The value of THE FIRS has moved in line with the HPI for detached houses in the Dudley local authority area.
• The August 2003 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of THE FIRS has not materially changed since August 2003.

How Large is THE FIRS?

THE FIRS is 232m², which includes two extensions, according to the EPC inspection conducted in November 2022. This puts it in the largest 10% of detached houses houses in Halesowen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Halesowen, and where THE FIRS lies on this distribution: 99% of detached houses houses are smaller than THE FIRS, and 1% of houses are larger. Note that EPC data is not available for all properties in Halesowen.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 0.159 of an acre, or 642m². The below map shows the location of THE FIRS, 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 THE FIRS). 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 THE FIRS?

THE FIRS is located on LAUREL LANE in HALESOWEN, in the B63 postcode district. The below map shows the position of THE FIRS on LAUREL LANE.