40A, WELL LANE, WALSALL, WS3 1JN - £127,000

40A WELL LANE is a large extended detached house of 122m², built sometime between 1983 and 1990. It was last sold for £127,000 in May 2015, which was around 41% below the average May 2015 detached price in the Walsall local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

40A WELL LANE Sold Prices

Land registry data shows two sales for 40A WELL 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 Walsall local authority area for the corresponding sale date. Both of the two 40A WELL 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
2015 20 MAY	£127,000	£216,195	41% below HPI
2005 29 APR	£63,000	£198,211	68% below HPI

40A WELL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Walsall local authority area over time, sourced from the HPI. The two 40A WELL LANE sales from April 2005 and May 2015 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 April 2005 sale was for 68% below the HPI. So the extrapolation line tracks at 68% below the HPI over time, until the May 2015 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 40A WELL LANE?

40A WELL LANE is 122m², which includes three extensions, according to the EPC inspection conducted in September 2015. This puts it in the largest 30% of detached houses in Bloxwich, based on EPC data. The below chart shows the distribution of detached houses by size in Bloxwich, and where 40A WELL LANE lies on this distribution: 75% of detached houses are smaller than 40A WELL LANE, and 24% of houses are larger. Note that EPC data is not available for all properties in Bloxwich.

40A WELL LANE: Plot and Title Map

40A WELL LANE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 40A WELL 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 40A WELL 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 40A WELL LANE?

40A WELL LANE is located in WALSALL, in the WS3 postcode district. The below map shows the position of No. 40A on WELL LANE.