Housing Market Analysis for PENNYHILL LANE, B71 3RU

Are you looking to understand B71 3RU 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 3RU area, explore the B71 3RU Area information page.
For comprehensive crime statistics in the B71 3RU area, explore the B71 3RU Crime Rates page.

Overview of Sold House prices

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

  • Flat
    • The average price is around £121,500 median price is £120,000 Standard Deviation is £19,079 with Total Sold: 5
    • The most recent sale happened at this postcode is 2, WIGMORE LODGE PENNYHILL LANE: £150,000 (Sold on 31 Aug 2018)
    • The first recorded sale happened at this postcode is 1, WIGMORE LODGE PENNYHILL LANE: £102,500 (Sold on 05 Nov 2007)
  • Terraced
    • The average price is around £175,000 median price is £175,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is 3, WIGMORE LODGE PENNYHILL LANE: £175,000 (Sold on 26 Apr 2013)
    • The first recorded sale happened at this postcode is 3, WIGMORE LODGE PENNYHILL LANE: £175,000 (Sold on 26 Apr 2013)

Sold Price Trend Over the Years:

Below table and chart gives the average B71 3RU 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: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2018£142,500 £1,446 2
2014£120,000 £1,132 1
2013£100,000 £1,094 1
2007£102,500 £1,122 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2013£175,000 £1,587 1

All the Sales in the PENNYHILL LANE, B71 3RU

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

AddressSold DatePrice% Change
2, WIGMORE LODGE PENNYHILL LANEFlat, LeaseholdArea: 106 Sq.mtrAge: 1900-192931 Aug 2018£150,00025.00%
23 Oct 2014£120,000First Sale
1, WIGMORE LODGE PENNYHILL LANEFlat, LeaseholdArea: 91.38 Sq.mtrAge: before 190008 Jun 2018£135,00035.00%
07 Jun 2013£100,000-2.44%
05 Nov 2007£102,500First Sale
3, WIGMORE LODGE PENNYHILL LANETerraced, FreeholdArea: 110.28 Sq.mtrAge: before 190026 Apr 2013£175,000First Sale

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

PENNYHILL LANE, B71 3RU Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the B71 3RU 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 3RU postcode.

  • Detached
    • The average price is around £227,119 median price is £230,000 Standard Deviation is £91,199 with Total Sold: 272
    • The Last 5 Year average price is £335,865 with Total Sold: 46
    • 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 £131,728 median price is £125,000 Standard Deviation is £70,030 with Total Sold: 333
    • The Last 5 Year average price is £229,671 with Total Sold: 41
    • 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 , 86 HOLLYHEDGE ROAD: £63,000 (Sold on 06 Jan 1995)
  • Terraced
    • The average price is around £115,308 median price is £108,500 Standard Deviation is £62,165 with Total Sold: 358
    • The Last 5 Year average price is £177,343 with Total Sold: 71
    • 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 £115,302 median price is £117,000 Standard Deviation is £28,479 with Total Sold: 117
    • The Last 5 Year average price is £99,029 with Total Sold: 26
    • The most recent sale happened at this postcode is , 51 BEACONVIEW ROAD: £85,000 (Sold on 01 Feb 2024)
    • The first recorded sale happened at this postcode is , 16 HORSECROFT DRIVE: £27,475 (Sold on 07 Feb 1997)
  • Other
    • The average price is around £148,583 median price is £132,250 Standard Deviation is £97,966 with Total Sold: 6
    • The Last 5 Year average price is £140,500 with Total Sold: 4
    • 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£313,750 £2,643 3
2023£390,750 £3,431 8
2022£355,550 £3,118 10
2021£330,296 £2,871 12
2020£354,500 £3,122 3
2019£280,000 £2,455 10
2018£274,509 £2,717 16
2017£285,111 £2,645 9
2016£265,439 £2,650 9
2015£238,417 £2,211 12
2014£213,625 £2,324 8
2013£214,278 £1,832 9
2012£182,556 £2,084 8
2011£205,400 £1,847 5
2010£244,278 £1,851 7
2009£262,290 £1,909 5
2008£196,1254
2007£231,700 £1,870 7
2006£232,850 £1,657 7
2005£257,484 £1,981 10
2004£258,753 £1,939 29
2003£228,397 £1,852 16
2002£164,250 £1,827 8
2001£137,136 £1,184 7
2000£114,177 £1,293 11
1999£110,200 £897 7
1998£95,664 £926 7
1997£87,088 £941 8
1996£90,967 £742 11
1995£89,083 £744 6
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£232,500 £2,821 4
2023£247,833 £2,654 9
2022£292,583 £3,266 6
2021£249,778 £2,387 9
2020£191,214 £2,157 7
2019£152,333 £1,911 6
2018£181,400 £2,142 10
2017£226,571 £2,216 7
2016£162,845 £1,856 10
2015£139,954 £1,695 13
2014£159,997 £1,775 17
2013£129,800 £1,365 15
2012£137,500 £1,606 6
2011£141,167 £1,563 9
2010£136,582 £1,583 11
2009£131,143 £1,456 7
2008£131,430 £1,409 10
2007£176,723 £1,971 11
2006£131,229 £1,491 19
2005£165,535 £1,595 10
2004£159,222 £1,596 17
2003£117,005 £1,170 17
2002£81,123 £998 15
2001£77,591 £633 11
2000£69,175 £674 14
1999£55,439 £684 9
1998£51,378 £620 9
1997£55,639 £780 9
1996£53,784 £729 26
1995£41,600 £429 10
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£189,5006
2023£203,808 £2,574 17
2022£200,812 £2,279 8
2021£176,706 £1,980 17
2020£142,611 £1,785 9
2019£149,686 £1,658 14
2018£150,167 £1,803 15
2017£132,455 £1,560 11
2016£113,881 £1,335 13
2015£117,564 £1,388 14
2014£103,450 £1,268 10
2013£109,062 £1,403 8
2012£91,357 £1,116 7
2011£121,707 £1,631 7
2010£108,062 £1,409 8
2009£99,379 £1,004 6
2008£118,157 £2,090 6
2007£110,987 £1,511 19
2006£116,616 £1,593 14
2005£119,494 £1,217 8
2004£155,004 £1,554 26
2003£149,291 £1,417 20
2002£63,900 £820 12
2001£55,202 £804 12
2000£46,840 £586 15
1999£48,417 £467 9
1998£44,083 £405 6
1997£42,072 £708 18
1996£44,427 £435 15
1995£39,500 £499 8
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£93,750 £2,073 2
2023£98,875 £1,730 4
2022£117,000 £2,543 1
2021£102,792 £1,648 6
2020£98,500 £1,636 3
2019£96,250 £1,869 10
2018£129,000 £1,464 3
2017£88,375 £1,590 4
2015£80,490 £1,405 5
2014£120,000 £1,132 1
2013£89,333 £1,180 3
2012£104,500 £1,935 2
2011£95,000 £1,519 1
2008£116,650 £1,876 3
2007£120,800 £1,936 5
2006£107,665 £1,978 3
2005£118,135 £2,041 13
2004£140,393 £2,285 38
2003£109,059 £1,796 8
2002£33,0001
1997£27,475 £387 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£306,0001
2021£12,0001
2020£122,000 £1,500 2
2016£164,750 £2,150 2

House Type in B71 3RU area

The most common house types in the B71 3RU postcode area are Detached (143), Flat (49), and Terraced (22).

Total223
Detached143
Flat49
Terraced22
Semi-detached9
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (106), and Owned: Owns with a mortgage or loan (67).

Owned: Owns outright106
Owned: Owns with a mortgage or loan67
Private rented: Private landlord or letting agency30
Social rented: Rents from council or Local Authority15
Social rented: Other social rented3
Private rented: Other private rented3
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the B71 3RU have 2 people in household (87), and 1 person in household (63).

2 people in household87
1 person in household63
4 people in household34
3 people in household30
5 people in household10
6 people in household3
8 or more people in household1
0 people in household0
7 people in household0