263, PENNS LANE, SUTTON COLDFIELD, B76 1LS - £161,000

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.

263 PENNS LANE is a midsized flat of 65m², built sometime between 1950 and 1966, which could now be worth an estimated £184,343. It was last sold for £161,000 in June 2019, which was around 27% above the average June 2019 flat price in the Birmingham local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

263 PENNS LANE Sold Prices

Land registry data shows two sales for 263 PENNS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Birmingham local authority area for the corresponding sale date. Both of the two 263 PENNS 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
2019 14 JUN	£161,000	£126,530	27% above HPI
2006 17 FEB	£108,000	£104,812	3% above HPI

What might 263 PENNS LANE be worth now?

263 PENNS LANE might now be worth an estimated £184,343.

This is based on house price inflation of 14.5%, between June 2019 and May 2026, for flats, in the Birmingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.5% inflationary increase is applied to the most recent sale price for 263 PENNS LANE of £161,000 on 14th June 2019. For the value to have increased from £161,000 to £184,343 over the seven years and one month to May 2026, the following assumptions must hold true:

• The value of 263 PENNS LANE has moved in line with the HPI for flats in the Birmingham local authority area.
• The June 2019 sale price of £161,000 represented a fair market value for the property.
• The size, condition, and specification of 263 PENNS LANE has not materially changed since June 2019.

How Large is 263 PENNS LANE?

263 PENNS LANE is 65m² according to the EPC inspection conducted in October 2018. This puts it in the largest 40% of flats in Royal Sutton Coldfield, based on EPC data. 59% of flats are smaller than 263 PENNS LANE, and 39% of flats are larger. Note that EPC data is not available for all properties in Royal Sutton Coldfield.

263 PENNS LANE: Plot

263 PENNS LANE sits on a plot of roughly 3.2 acres, or 13,098m².

Where is 263 PENNS LANE?

263 PENNS LANE is located in SUTTON COLDFIELD, in the B76 postcode district.