25, WOOD LANE, WEST BROMWICH, B70 9PZ - £175,000

25 WOOD LANE is a very small detached house of 76m², built sometime between 1983 and 1990. It was last sold for £175,000 in January 2018, which was around 23% below the average January 2018 detached price in the Sandwell local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was B.

25 WOOD LANE Sold Prices

Land registry data shows two sales for 25 WOOD 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 25 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
2018 31 JAN	£175,000	£228,442	23% below HPI
2014 31 OCT	£120,000	£186,853	36% below HPI

25 WOOD 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 25 WOOD LANE sales from October 2014 and January 2018 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 October 2014 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the January 2018 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 25 WOOD LANE?

25 WOOD LANE is 76m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 20% of detached houses in West Bromwich, based on EPC data. The below chart shows the distribution of detached houses by size in West Bromwich, and where 25 WOOD LANE lies on this distribution: 11% of detached houses are smaller than 25 WOOD LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in West Bromwich.

25 WOOD LANE: Plot and Title Map

25 WOOD LANE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 25 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 25 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 25 WOOD LANE?

25 WOOD LANE is located in WEST BROMWICH, in the B70 postcode district. The below map shows the position of No. 25 on WOOD LANE.