Housing Market Analysis for PENNYHILL LANE, B71 3RP

Are you looking to understand B71 3RP house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Sandwell postcode.

For the location information and nearby amenities in the B71 3RP area, explore the B71 3RP Area information page.
For comprehensive crime statistics in the B71 3RP area, explore the B71 3RP Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the B71 3RP postcode area, The average prices are as follows,

  • Detached
    • The average price is around £244,675 median price is £246,500 Standard Deviation is £97,318 with Total Sold: 10
    • The Last 5 Year average price is £344,062 with Total Sold: 4
    • The most recent sale happened at this postcode is 37 PENNYHILL LANE: £370,000 (Sold on 09 Mar 2022)
    • The first recorded sale happened at this postcode is 11 PENNYHILL LANE: £306,249 (Sold on 04 Sep 2024)
  • Terraced
    • The average price is around £143,500 median price is £143,500 Standard Deviation is £9,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 23 PENNYHILL LANE: £153,000 (Sold on 12 May 2011)
    • The first recorded sale happened at this postcode is 19 PENNYHILL LANE: £134,000 (Sold on 30 Jul 2010)

Sold Price Trend Over the Years:

Below table and chart gives the average B71 3RP house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£370,000 £3,162 1
2021£350,000 £2,966 1
2019£350,000 £2,991 1
2017£270,000 £2,288 1
2015£220,000 £2,895 1
2014£170,000 £2,237 1
2005£223,0001
1999£103,000 £880 1
1995£84,500 £716 1
2024£306,2491
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2011£153,000 £2,404 1
2010£134,000 £1,947 1

All the Sales in the PENNYHILL LANE, B71 3RP

See the table below for more details on the sold house prices in the B71 3RP, Sandwell postcode.

AddressSold DatePrice% Change
37 PENNYHILL LANEDetached, FreeholdArea: 117 Sq.mtrAge: 1967-197509 Mar 2022£370,0005.71%
20 Sep 2019£350,000239.81%
12 Jan 1999£103,000First Sale
33 PENNYHILL LANEDetached, FreeholdArea: 118 Sq.mtrAge: 1950-196612 Nov 2021£350,00029.63%
09 Feb 2017£270,000219.53%
31 Mar 1995£84,500First Sale
15 PENNYHILL LANEDetached, FreeholdArea: 76 Sq.mtrAge: 1950-196606 Nov 2015£220,00029.41%
29 Sep 2014£170,000First Sale
23 PENNYHILL LANETerraced, FreeholdArea: 63.64 Sq.mtrAge: 1967-197512 May 2011£153,000First Sale
19 PENNYHILL LANETerraced, FreeholdArea: 68.84 Sq.mtrAge: 1950-196630 Jul 2010£134,000First Sale
27 PENNYHILL LANEDetached, Freehold07 Nov 2005£223,000First Sale
11 PENNYHILL LANEDetached, Freehold04 Sep 2024£306,249First Sale

Check out the sold house prices near the B71 3RP postcode. Properties currently for saleProperties currently for rent

PENNYHILL LANE, B71 3RP Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the B71 3RP postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the B71 3RP postcode.

  • Detached
    • The average price is around £221,976 median price is £225,495 Standard Deviation is £91,951 with Total Sold: 304
    • The Last 5 Year average price is £340,006 with Total Sold: 48
    • The most recent sale happened at this postcode is , 11 PENNYHILL LANE: £306,249 (Sold on 04 Sep 2024)
    • The first recorded sale happened at this postcode is , 33 PENNYHILL LANE: £84,500 (Sold on 31 Mar 1995)
  • Semi-Detached
    • The average price is around £133,282 median price is £125,000 Standard Deviation is £69,794 with Total Sold: 489
    • The Last 5 Year average price is £222,313 with Total Sold: 75
    • The most recent sale happened at this postcode is , 23 THURSFIELD ROAD: £200,000 (Sold on 23 Aug 2024)
    • The first recorded sale happened at this postcode is , 33 CALDWELL STREET: £38,000 (Sold on 06 Jan 1995)
  • Terraced
    • The average price is around £118,982 median price is £115,000 Standard Deviation is £65,204 with Total Sold: 328
    • The Last 5 Year average price is £189,532 with Total Sold: 63
    • The most recent sale happened at this postcode is , 6 HARTLAND ROAD: £260,000 (Sold on 01 Jul 2024)
    • The first recorded sale happened at this postcode is , 96 CHARLEMONT ROAD: £46,000 (Sold on 24 Feb 1995)
  • Flat
    • The average price is around £108,909 median price is £114,995 Standard Deviation is £33,110 with Total Sold: 131
    • The Last 5 Year average price is £94,070 with Total Sold: 32
    • The most recent sale happened at this postcode is , 64 BEACONVIEW ROAD: £85,000 (Sold on 23 Feb 2024)
    • The first recorded sale happened at this postcode is , 94 BEACON VIEW ROAD: £25,000 (Sold on 24 Mar 1995)
  • Other
    • The average price is around £372,450 median price is £167,500 Standard Deviation is £493,747 with Total Sold: 10
    • The Last 5 Year average price is £510,000 with Total Sold: 6
    • The most recent sale happened at this postcode is GARAGE, 64 PENNYHILL LANE: £306,000 (Sold on 21 Jun 2023)
    • The first recorded sale happened at this postcode is , 78 PENNYHILL LANE: £230,000 (Sold on 29 Jan 2016)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£332,312 £2,643 4
2023£390,750 £3,431 8
2022£378,111 £3,297 9
2021£330,296 £2,871 12
2020£333,375 £2,990 4
2019£287,727 £2,442 11
2018£274,509 £2,717 16
2017£283,100 £2,755 10
2016£254,492 £2,438 12
2015£232,462 £2,177 13
2014£205,400 £2,284 10
2013£200,773 £1,689 11
2012£182,556 £2,084 8
2011£205,400 £1,847 5
2010£234,987 £1,910 8
2009£262,290 £1,909 5
2008£196,1254
2007£233,690 £1,870 10
2006£232,217 £1,763 9
2005£248,622 £1,944 11
2004£249,776 £1,769 32
2003£223,783 £1,852 17
2002£163,222 £1,827 9
2001£141,244 £1,184 8
2000£110,915 £1,085 13
1999£103,044 £982 9
1998£94,517 £907 9
1997£87,088 £941 8
1996£88,375 £744 12
1995£85,786 £744 7
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£235,429 £2,821 7
2023£253,588 £2,763 17
2022£249,269 £2,831 13
2021£251,625 £2,283 12
2020£181,808 £2,187 13
2019£160,846 £2,020 13
2018£174,115 £2,071 13
2017£180,383 £1,978 18
2016£157,280 £1,781 15
2015£155,909 £1,668 23
2014£157,997 £1,717 16
2013£126,687 £1,390 23
2012£136,250 £1,651 12
2011£132,536 £1,490 14
2010£130,415 £1,483 13
2009£131,600 £1,373 10
2008£126,053 £1,198 15
2007£174,119 £1,661 18
2006£137,291 £1,487 22
2005£145,362 £1,370 16
2004£144,555 £1,469 23
2003£115,662 £1,216 28
2002£84,579 £962 17
2001£75,232 £709 19
2000£66,600 £652 19
1999£53,059 £544 16
1998£58,064 £640 14
1997£54,055 £644 15
1996£48,644 £580 17
1995£40,875 £472 18
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£193,3333
2023£213,888 £2,434 13
2022£203,115 £2,431 13
2021£187,967 £2,118 15
2020£165,000 £1,966 10
2019£163,333 £1,699 9
2018£155,679 £1,799 14
2017£136,636 £1,514 11
2016£129,500 £1,454 6
2015£122,919 £1,479 13
2014£117,444 £1,271 9
2013£106,875 £1,271 8
2012£90,214 £1,056 7
2011£124,658 £1,379 6
2010£128,100 £1,619 5
2009£111,357 £1,263 7
2008£119,706 £1,678 7
2007£110,006 £1,491 18
2006£110,050 £1,276 10
2005£114,162 £1,406 12
2004£148,502 £1,455 29
2003£164,519 £1,611 17
2002£59,606 £653 8
2001£55,197 £681 16
2000£43,146 £495 13
1999£49,250 £687 7
1998£41,494 £430 9
1997£39,532 £411 12
1996£37,404 £363 13
1995£40,625 £505 8
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£90,833 £2,073 3
2023£98,875 £1,730 4
2022£101,000 £2,284 2
2021£102,792 £1,648 6
2020£83,500 £1,626 6
2019£92,955 £1,829 11
2018£129,000 £1,464 3
2017£94,500 £1,755 3
2016£51,000 £1,186 1
2015£80,490 £1,405 5
2014£120,000 £1,132 1
2013£78,325 £1,155 4
2012£104,500 £1,935 2
2011£75,000 £1,390 2
2010£65,000 £1,585 1
2008£116,650 £1,876 3
2007£112,583 £1,881 6
2006£84,582 £1,710 6
2005£125,614 £2,116 11
2004£138,114 £2,251 39
2003£118,281 £2,030 7
2002£34,475 £856 2
1997£24,500 £562 1
1996£28,0001
1995£25,000 £595 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£306,0001
2021£12,0001
2020£685,500 £7,556 4
2018£165,000 £1,919 1
2017£170,0001
2016£164,750 £2,150 2

House Type in B71 3RP area

The most common house types in the B71 3RP postcode area are Detached (66), Semi-detached (42), and Terraced (38).

Total158
Detached66
Semi-detached42
Terraced38
Flat11
commercial building1
Shared house0
converted building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (81), and Owned: Owns with a mortgage or loan (51).

Owned: Owns outright81
Owned: Owns with a mortgage or loan51
Social rented: Rents from council or Local Authority12
Private rented: Private landlord or letting agency11
Private rented: Other private rented4
Does not apply0
Shared ownership: Shared ownership0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

The most houses in the B71 3RP have 2 people in household (53), and 1 person in household (35).

2 people in household53
1 person in household35
3 people in household27
4 people in household24
5 people in household13
6 people in household7
7 people in household1
0 people in household0
8 or more people in household0