156, PENNCRICKET LANE, ROWLEY REGIS, B65 0RF - £175,000

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.

156 PENNCRICKET LANE is a very small detached house of 58m², built sometime between 1976 and 1982, which could now be worth an estimated £229,129. It was last sold for £175,000 in February 2020, which was around 27% below the average February 2020 detached price in the Sandwell local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

156 PENNCRICKET LANE Sold Prices

Land registry data shows two sales for 156 PENNCRICKET 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 Sandwell local authority area for the corresponding sale date. Both of the two 156 PENNCRICKET 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	£175,000	£238,761	27% below HPI
2017 31 MAR	£99,500	£204,656	51% below HPI

156 PENNCRICKET LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sandwell local authority area over time, sourced from the HPI. The two 156 PENNCRICKET LANE sales from March 2017 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 March 2017 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the February 2020 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 156 PENNCRICKET LANE be worth now?

156 PENNCRICKET LANE might now be worth an estimated £229,129.

This is based on house price inflation of 30.9%, between February 2020 and March 2025, for detached houses, in the Sandwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.9% inflationary increase is applied to the most recent sale price for 156 PENNCRICKET LANE of £175,000 on 14th February 2020. For the value to have increased from £175,000 to £229,129 over the four years and eleven months to March 2025, the following assumptions must hold true:

• The value of 156 PENNCRICKET LANE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The February 2020 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 156 PENNCRICKET LANE has not materially changed since February 2020.

How Large is 156 PENNCRICKET LANE?

156 PENNCRICKET LANE is 58m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of detached houses houses in Rowley Regis, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rowley Regis, and where 156 PENNCRICKET LANE lies on this distribution: 3% of detached houses houses are smaller than 156 PENNCRICKET LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Rowley Regis.

156 PENNCRICKET LANE: Plot and Title Map

156 PENNCRICKET LANE sits on a plot of roughly 0.144 of an acre, or 582m². The below map shows the location of 156 PENNCRICKET 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 156 PENNCRICKET 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 156 PENNCRICKET LANE?

156 PENNCRICKET LANE is located in ROWLEY REGIS, in the B65 postcode district. The below map shows the position of No. 156 on PENNCRICKET LANE.