8, SPRING LANE, WALSALL, WS4 1AZ - £170,000

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.

8 SPRING LANE is a very small semi-detached house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £218,440. It was last sold for £170,000 in July 2020, which was around 3% below the average July 2020 semi-detached price in the Walsall local authority area. The most recent EPC inspection was October 2015, where the current energy rating was E, and the potential energy rating was B.

8 SPRING LANE Sold Prices

Land registry data shows two sales for 8 SPRING LANE 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 Walsall local authority area for the corresponding sale date. Both of the two 8 SPRING 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
2020 30 JUL	£170,000	£174,387	3% below HPI
2016 21 JAN	£102,500	£136,006	25% below HPI

8 SPRING LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Walsall local authority area over time, sourced from the HPI. The two 8 SPRING LANE sales from January 2016 and July 2020 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 January 2016 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2020 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 8 SPRING LANE be worth now?

8 SPRING LANE might now be worth an estimated £218,440.

This is based on house price inflation of 28.5%, between July 2020 and March 2025, for semi-detached houses, in the Walsall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.5% inflationary increase is applied to the most recent sale price for 8 SPRING LANE of £170,000 on 30th July 2020. For the value to have increased from £170,000 to £218,440 over the five years and four months to March 2025, the following assumptions must hold true:

• The value of 8 SPRING LANE has moved in line with the HPI for semi-detached houses in the Walsall local authority area.
• The July 2020 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SPRING LANE has not materially changed since July 2020.

How Large is 8 SPRING LANE?

8 SPRING LANE is 77m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% of semi-detached houses houses in Shelfield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Shelfield, and where 8 SPRING LANE lies on this distribution: 3% of semi-detached houses houses are smaller than 8 SPRING LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Shelfield.

8 SPRING LANE: Plot and Title Map

8 SPRING LANE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 8 SPRING 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 8 SPRING 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 8 SPRING LANE?

8 SPRING LANE is located in WALSALL, in the WS4 postcode district. The below map shows the position of No. 8 on SPRING LANE.