2, BROAD WAY, PELSALL, WALSALL, WS4 1AW - £85,000

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.

2 BROAD WAY is a very small terraced house of 38m², built sometime between 1991 and 1995, which could now be worth an estimated £105,158. It was last sold for £85,000 in March 2021, which was around 44% below the average March 2021 terraced price in the Walsall local authority area. The most recent EPC inspection was July 2024, where the current energy rating was E, and the potential energy rating was A.

2 BROAD WAY Sold Prices

Land registry data shows three sales for 2 BROAD WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Walsall local authority area for the corresponding sale date. All of the three 2 BROAD WAY 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
2021 19 MAR	£85,000	£152,438	44% below HPI
2016 15 JUL	£82,000	£121,561	33% below HPI
1995 7 FEB	£34,700	£35,599	3% below HPI

2 BROAD WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Walsall local authority area over time, sourced from the HPI. The three 2 BROAD WAY sales between February 1995 and March 2021 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 July 2016 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the March 2021 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 2 BROAD WAY be worth now?

2 BROAD WAY might now be worth an estimated £105,158.

This is based on house price inflation of 23.7%, between March 2021 and May 2026, for terraced houses, in the Walsall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.7% inflationary increase is applied to the most recent sale price for 2 BROAD WAY of £85,000 on 19th March 2021. For the value to have increased from £85,000 to £105,158 over the four years and ten months to May 2026, the following assumptions must hold true:

• The value of 2 BROAD WAY has moved in line with the HPI for terraced houses in the Walsall local authority area.
• The March 2021 sale price of £85,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BROAD WAY has not materially changed since March 2021.

How Large is 2 BROAD WAY?

2 BROAD WAY is 38m² according to the EPC inspection conducted in July 2024. This puts it in the smallest 10% of terraced houses houses in Shelfield, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Shelfield, and where 2 BROAD WAY lies on this distribution: Less than 1% of terraced houses houses are smaller than 2 BROAD WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Shelfield.

2 BROAD WAY: Plot and Title Map

2 BROAD WAY sits on a plot of roughly 0.011 of an acre, or 46m². The below map shows the location of 2 BROAD WAY, 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 2 BROAD WAY). 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 2 BROAD WAY?

2 BROAD WAY is located in PELSALL, in the WS4 postcode district. The below map shows the position of No. 2 on BROAD WAY.