5B, MILL LANE, WILLENHALL, WV12 4QH - £260,000

5B MILL LANE is a large detached house of 113m², built sometime between 1991 and 1995. It was last sold for £260,000 in August 2023, which was around 28% below the average August 2023 detached price in the Walsall local authority area. The most recent EPC inspection was December 2020, where the current energy rating was C, and the potential energy rating was B.

5B MILL LANE Sold Prices

Land registry data shows six sales for 5B MILL LANE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Walsall local authority area for the corresponding sale date. All of the six 5B MILL 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
2023 25 AUG	£260,000	£359,574	28% below HPI
2021 28 JUN	£227,000	£313,160	28% below HPI
2019 31 OCT	£205,000	£273,777	25% below HPI
2012 16 JAN	£152,000	£199,227	24% below HPI
1998 15 JUN	£65,000	£86,255	25% below HPI
1996 31 JUL	£60,000	£79,558	25% below HPI

5B MILL 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 six 5B MILL LANE sales between July 1996 and August 2023 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 June 2021 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2023 sale, which was also at 28% below the HPI.

How Large is 5B MILL LANE?

5B MILL LANE is 113m² according to the EPC inspection conducted in December 2020. This puts it in the largest 40% of detached houses in Willenhall, based on EPC data. The below chart shows the distribution of detached houses by size in Willenhall, and where 5B MILL LANE lies on this distribution: 66% of detached houses are smaller than 5B MILL LANE, and 32% of houses are larger. Note that EPC data is not available for all properties in Willenhall.

5B MILL LANE: Plot and Title Map

5B MILL LANE sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of 5B MILL 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 5B MILL 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 5B MILL LANE?

5B MILL LANE is located in WILLENHALL, in the WV12 postcode district. The below map shows the position of No. 5B on MILL LANE.