2, PENNS LANE, SUTTON COLDFIELD, B72 1BD - £150,000

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.

2 PENNS LANE is a large terraced house of 92m², built sometime between 1900 and 1929, which could now be worth an estimated £203,959. It was last sold for £150,000 in July 2018, which was around 7% below the average July 2018 terraced price in the Birmingham local authority area. The most recent EPC inspection was July 2018, where the current energy rating was E, and the potential energy rating was C.

2 PENNS LANE Sold Prices

Land registry data shows one sale for 2 PENNS LANE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the Birmingham local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 18 JUL	£150,000	£161,599	7% below HPI

What might 2 PENNS LANE be worth now?

2 PENNS LANE might now be worth an estimated £203,959.

This is based on house price inflation of 36%, between July 2018 and May 2026, for terraced houses, in the Birmingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36% inflationary increase is applied to the most recent sale price for 2 PENNS LANE of £150,000 on 18th July 2018. For the value to have increased from £150,000 to £203,959 over the eight years and two months to May 2026, the following assumptions must hold true:

• The value of 2 PENNS LANE has moved in line with the HPI for terraced houses in the Birmingham local authority area.
• The July 2018 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PENNS LANE has not materially changed since July 2018.

How Large is 2 PENNS LANE?

2 PENNS LANE is 92m² according to the EPC inspection conducted in July 2018. This puts it in the largest 40% of terraced houses in Royal Sutton Coldfield, based on EPC data. The below chart shows the distribution of terraced houses by size in Royal Sutton Coldfield, and where 2 PENNS LANE lies on this distribution: 67% of terraced houses are smaller than 2 PENNS LANE, and 31% of terraced houses are larger. Note that EPC data is not available for all properties in Royal Sutton Coldfield.

2 PENNS LANE: Plot

2 PENNS LANE sits on a plot of roughly 0.023 of an acre, or 92m².

Where is 2 PENNS LANE?

2 PENNS LANE is located in SUTTON COLDFIELD, in the B72 postcode district.