32, PENNS LANE, SUTTON COLDFIELD, B72 1BD - £240,000

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.

32 PENNS LANE is a very small terraced house of 74m², built sometime between 1900 and 1929, which could now be worth an estimated £274,681. It was last sold for £240,000 in May 2021, which was around 28% above the average May 2021 terraced price in the Birmingham local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

32 PENNS LANE Sold Prices

Land registry data shows four sales for 32 PENNS LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Birmingham local authority area for the corresponding sale date. All of the four 32 PENNS LANE 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
2021 14 MAY	£240,000	£187,914	28% above HPI
2009 15 MAY	£153,000	£108,167	41% above HPI
2002 29 NOV	£108,000	£77,698	39% above HPI
1996 6 DEC	£49,500	£40,115	23% above HPI

32 PENNS LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Birmingham local authority area over time, sourced from the HPI. The four 32 PENNS LANE sales between December 1996 and May 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 May 2009 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the May 2021 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 32 PENNS LANE be worth now?

32 PENNS LANE might now be worth an estimated £274,681.

This is based on house price inflation of 14.5%, between May 2021 and June 2025, for terraced 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 14.5% inflationary increase is applied to the most recent sale price for 32 PENNS LANE of £240,000 on 14th May 2021. For the value to have increased from £240,000 to £274,681 over the three years and eleven months to June 2025, the following assumptions must hold true:

• The value of 32 PENNS LANE has moved in line with the HPI for terraced houses in the Birmingham local authority area.
• The May 2021 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 32 PENNS LANE has not materially changed since May 2021.

How Large is 32 PENNS LANE?

32 PENNS LANE is 74m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 10% of terraced houses houses in Royal Sutton Coldfield, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Royal Sutton Coldfield, and where 32 PENNS LANE lies on this distribution: 3% of terraced houses houses are smaller than 32 PENNS LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Royal Sutton Coldfield.

32 PENNS LANE: Plot and Title Map

32 PENNS LANE sits on a plot of roughly 0.024 of an acre, or 96m². The below map shows the location of 32 PENNS 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 32 PENNS 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 32 PENNS LANE?

32 PENNS LANE is located in SUTTON COLDFIELD, in the B72 postcode district. The below map shows the position of No. 32 on PENNS LANE.