7, SALTERS LANE, WEST BROMWICH, B71 4BG - £326,000

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 SALTERS LANE is a small terraced house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £395,190. It was last sold for £326,000 in July 2021, which was around 111% above the average July 2021 terraced price in the Sandwell local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

7 SALTERS LANE Sold Prices

Land registry data shows two sales for 7 SALTERS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Sandwell local authority area for the corresponding sale date. Both of the two 7 SALTERS 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 28 JUL	£326,000	£154,302	111% above HPI
2007 17 AUG	£182,000	£110,971	64% above HPI

7 SALTERS LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Sandwell local authority area over time, sourced from the HPI. The two 7 SALTERS LANE sales from August 2007 and July 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 August 2007 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the July 2021 sale, where it rises to 111% above the HPI. The line then continues to track at 111% above the HPI.

What might 7 SALTERS LANE be worth now?

7 SALTERS LANE might now be worth an estimated £395,190.

This is based on house price inflation of 21.2%, between July 2021 and June 2025, for terraced 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 21.2% inflationary increase is applied to the most recent sale price for 7 SALTERS LANE of £326,000 on 28th July 2021. For the value to have increased from £326,000 to £395,190 over the four years and one month to June 2025, the following assumptions must hold true:

• The value of 7 SALTERS LANE has moved in line with the HPI for terraced houses in the Sandwell local authority area.
• The July 2021 sale price of £326,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SALTERS LANE has not materially changed since July 2021.

How Large is 7 SALTERS LANE?

7 SALTERS LANE is 87m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 30% of terraced houses houses in West Bromwich, based on EPC data. The below chart shows the distribution of terraced houses houses by size in West Bromwich, and where 7 SALTERS LANE lies on this distribution: 23% of terraced houses houses are smaller than 7 SALTERS LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in West Bromwich.

7 SALTERS LANE: Plot and Title Map

7 SALTERS LANE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 7 SALTERS 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 7 SALTERS 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 7 SALTERS LANE?

7 SALTERS LANE is located in WEST BROMWICH, in the B71 postcode district. The below map shows the position of No. 7 on SALTERS LANE.