7, MILLPOOL WAY, SMETHWICK, B66 4HW - £153,000

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.

7 MILLPOOL WAY is a very small semi-detached house of 62m², built sometime between 1983 and 1990, which could now be worth an estimated £314,091. It was last sold for £153,000 in July 2011, which was around 38% above the average July 2011 semi-detached price in the Sandwell local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was C.

7 MILLPOOL WAY Sold Prices

Land registry data shows two sales for 7 MILLPOOL WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Sandwell local authority area for the corresponding sale date. Both of the two 7 MILLPOOL WAY 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
2011 29 JUL	£153,000	£110,663	38% above HPI
2004 6 FEB	£107,000	£93,166	15% above HPI

7 MILLPOOL WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Sandwell local authority area over time, sourced from the HPI. The two 7 MILLPOOL WAY sales from February 2004 and July 2011 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 February 2004 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the July 2011 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 7 MILLPOOL WAY be worth now?

7 MILLPOOL WAY might now be worth an estimated £314,091.

This is based on house price inflation of 105.3%, between July 2011 and July 2026, for semi-detached houses, in the Sandwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 105.3% inflationary increase is applied to the most recent sale price for 7 MILLPOOL WAY of £153,000 on 29th July 2011. For the value to have increased from £153,000 to £314,091 over the fifteen years to July 2026, the following assumptions must hold true:

• The value of 7 MILLPOOL WAY has moved in line with the HPI for semi-detached houses in the Sandwell local authority area.
• The July 2011 sale price of £153,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MILLPOOL WAY has not materially changed since July 2011.

How Large is 7 MILLPOOL WAY?

7 MILLPOOL WAY is 62m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 10% of semi-detached houses houses in Smethwick, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Smethwick, and where 7 MILLPOOL WAY lies on this distribution: 3% of semi-detached houses houses are smaller than 7 MILLPOOL WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Smethwick.

7 MILLPOOL WAY: Plot and Title Map

7 MILLPOOL WAY sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 7 MILLPOOL 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 7 MILLPOOL 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 7 MILLPOOL WAY?

7 MILLPOOL WAY is located in SMETHWICK, in the B66 postcode district. The below map shows the position of No. 7 on MILLPOOL WAY.