142, WELLHEAD LANE, BIRMINGHAM, B42 2SY - £120,500

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.

142 WELLHEAD LANE is a very small detached house of 78m², built sometime between 1900 and 1929, which could now be worth an estimated £149,270. It was last sold for £120,500 in February 2020, which was around 66% below the average February 2020 detached price in the Birmingham local authority area. The most recent EPC inspection was December 2013, where the current energy rating was E, and the potential energy rating was B.

142 WELLHEAD LANE Sold Prices

Land registry data shows two sales for 142 WELLHEAD 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 Birmingham local authority area for the corresponding sale date. Both of the two 142 WELLHEAD 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
2020 14 FEB	£120,500	£350,316	66% below HPI
2004 21 DEC	£100,000	£241,893	59% below HPI

142 WELLHEAD LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Birmingham local authority area over time, sourced from the HPI. The two 142 WELLHEAD LANE sales from December 2004 and February 2020 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 December 2004 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the February 2020 sale, where it falls to 66% below the HPI. The line then continues to track at 66% below the HPI.

What might 142 WELLHEAD LANE be worth now?

142 WELLHEAD LANE might now be worth an estimated £149,270.

This is based on house price inflation of 23.9%, between February 2020 and February 2025, for detached houses, in the Birmingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.9% inflationary increase is applied to the most recent sale price for 142 WELLHEAD LANE of £120,500 on 14th February 2020. For the value to have increased from £120,500 to £149,270 over the five years to February 2025, the following assumptions must hold true:

• The value of 142 WELLHEAD LANE has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The February 2020 sale price of £120,500 represented a fair market value for the property.
• The size, condition, and specification of 142 WELLHEAD LANE has not materially changed since February 2020.

How Large is 142 WELLHEAD LANE?

142 WELLHEAD LANE is 78m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 20% of detached houses houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Birmingham, and where 142 WELLHEAD LANE lies on this distribution: 10% of detached houses houses are smaller than 142 WELLHEAD LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

142 WELLHEAD LANE: Plot and Title Map

142 WELLHEAD LANE sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 142 WELLHEAD 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 142 WELLHEAD 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 142 WELLHEAD LANE?

142 WELLHEAD LANE is located in BIRMINGHAM, in the B42 postcode district. The below map shows the position of No. 142 on WELLHEAD LANE.