Housing Market Analysis for PENNYHILL LANE, B71 3RW

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

Overview of Sold House prices

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

  • Terraced
    • The average price is around £185,580 median price is £189,950 Standard Deviation is £78,174 with Total Sold: 5
    • The Last 5 Year average price is £270,000 with Total Sold: 2
    • The most recent sale happened at this postcode is 26 PENNYHILL LANE: £295,000 (Sold on 29 Aug 2023)
    • The first recorded sale happened at this postcode is 26 PENNYHILL LANE: £94,950 (Sold on 27 Feb 2004)
  • Semi-Detached
    • The average price is around £184,821 median price is £165,000 Standard Deviation is £84,489 with Total Sold: 17
    • The Last 5 Year average price is £328,333 with Total Sold: 3
    • The most recent sale happened at this postcode is 8 PENNYHILL LANE: £385,000 (Sold on 20 Jan 2023)
    • The first recorded sale happened at this postcode is 16 PENNYHILL LANE: £65,000 (Sold on 01 Apr 1999)

Sold Price Trend Over the Years:

Below table and chart gives the average B71 3RW 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: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£295,000 £2,269 1
2021£245,000 £2,849 1
2014£103,000 £1,000 1
2004£142,450 £1,096 2
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£385,000 £4,278 1
2022£340,000 £3,696 1
2021£260,000 £2,955 1
2018£238,500 £2,293 1
2014£160,000 £1,647 2
2012£190,000 £2,150 2
2010£116,500 £1,337 2
2008£90,000 £1,038 1
2007£207,500 £1,995 1
2005£189,0002
2003£156,950 £969 1
2001£88,000 £765 1
1999£65,000 £739 1

All the Sales in the PENNYHILL LANE, B71 3RW

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

AddressSold DatePrice% Change
26 PENNYHILL LANETerraced, FreeholdArea: 130 Sq.mtrAge: 1930-194929 Aug 2023£295,00055.30%
02 Sep 2004£189,950100.05%
27 Feb 2004£94,950First Sale
8 PENNYHILL LANESemi-Detached, FreeholdArea: 90 Sq.mtrAge: 1930-194920 Jan 2023£385,000133.33%
24 Sep 2012£165,000First Sale
6 PENNYHILL LANESemi-Detached, FreeholdArea: 92 Sq.mtrAge: 1930-194917 Oct 2022£340,000First Sale
18 PENNYHILL LANETerraced, FreeholdArea: 86 Sq.mtrAge: 1900-192904 Jun 2021£245,000First Sale
16 PENNYHILL LANESemi-Detached, FreeholdArea: 88 Sq.mtrAge: 1930-194923 Mar 2021£260,000300.00%
01 Apr 1999£65,000First Sale
30 PENNYHILL LANESemi-Detached, FreeholdArea: 104 Sq.mtrAge: 1930-194925 Sep 2018£238,50014.94%
19 Jul 2007£207,500First Sale
28 PENNYHILL LANESemi-Detached, FreeholdArea: 103 Sq.mtrAge: 1930-194905 Dec 2014£140,00035.92%
18 Jul 2014£103,000First Sale
10 PENNYHILL LANESemi-Detached, FreeholdArea: 93 Sq.mtrAge: 1930-194909 May 2014£180,000First Sale
34 PENNYHILL LANESemi-Detached, FreeholdArea: 87.14 Sq.mtrAge: 1900-192910 Jan 2012£215,00079.17%
22 Apr 2010£120,0006.19%
01 Mar 2010£113,000First Sale
12 PENNYHILL LANESemi-Detached, FreeholdArea: 86.69 Sq.mtrAge: 1930-194911 Nov 2008£90,000First Sale
2 PENNYHILL LANESemi-Detached, Freehold12 Aug 2005£220,000First Sale
4 PENNYHILL LANESemi-Detached, Freehold17 Jun 2005£158,000First Sale
20 PENNYHILL LANESemi-Detached, FreeholdArea: 162 Sq.mtrAge: 1900-192927 Oct 2003£156,950First Sale
36 PENNYHILL LANESemi-Detached, FreeholdArea: 115 Sq.mtrAge: 1930-194927 Apr 2001£88,000First Sale

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

PENNYHILL LANE, B71 3RW Near By properties

Interactive Map

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

  • Detached
    • The average price is around £223,017 median price is £227,495 Standard Deviation is £92,162 with Total Sold: 320
    • The Last 5 Year average price is £339,359 with Total Sold: 51
    • 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 £132,531 median price is £125,000 Standard Deviation is £69,450 with Total Sold: 519
    • The Last 5 Year average price is £221,431 with Total Sold: 80
    • 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 £118,900 median price is £113,500 Standard Deviation is £65,724 with Total Sold: 334
    • The Last 5 Year average price is £189,008 with Total Sold: 65
    • 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 £107,139 median price is £110,000 Standard Deviation is £33,788 with Total Sold: 137
    • The Last 5 Year average price is £94,125 with Total Sold: 34
    • 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 £350,864 median price is £165,000 Standard Deviation is £475,693 with Total Sold: 11
    • The Last 5 Year average price is £456,429 with Total Sold: 7
    • 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£382,545 £3,151 11
2021£318,888 £2,871 13
2020£333,375 £2,990 4
2019£287,727 £2,442 11
2018£272,731 £2,639 18
2017£284,000 £2,594 13
2016£254,142 £2,429 13
2015£232,462 £2,177 13
2014£209,455 £2,220 11
2013£200,773 £1,689 11
2012£182,556 £2,084 8
2011£205,400 £1,847 5
2010£223,322 £1,854 9
2009£247,742 £1,725 6
2008£196,1254
2007£233,690 £1,870 10
2006£233,495 £1,763 10
2005£246,654 £1,813 12
2004£249,776 £1,769 32
2003£218,570 £1,713 18
2002£163,222 £1,827 9
2001£141,244 £1,184 8
2000£111,207 £1,083 14
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£253,944 £2,799 18
2022£252,036 £2,901 14
2021£245,577 £2,262 13
2020£181,679 £2,198 14
2019£159,357 £2,020 14
2018£174,115 £2,071 13
2017£180,383 £1,978 18
2016£157,600 £1,827 17
2015£153,196 £1,667 25
2014£157,997 £1,717 16
2013£126,096 £1,400 24
2012£135,000 £1,678 13
2011£136,033 £1,473 15
2010£133,064 £1,512 14
2009£135,545 £1,346 11
2008£126,053 £1,198 15
2007£174,119 £1,661 18
2006£135,104 £1,465 23
2005£143,400 £1,370 17
2004£144,555 £1,469 23
2003£117,618 £1,216 30
2002£82,726 £975 19
2001£77,155 £741 22
2000£66,600 £652 19
1999£54,174 £588 17
1998£57,767 £640 16
1997£51,569 £639 19
1996£48,644 £580 17
1995£40,875 £472 18
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£193,3333
2023£220,396 £2,488 14
2022£203,115 £2,431 13
2021£189,250 £2,129 14
2020£165,000 £1,966 10
2019£152,727 £1,629 11
2018£156,633 £1,802 15
2017£134,750 £1,489 12
2016£137,600 £1,535 5
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£105,550 £1,264 10
2005£113,688 £1,429 13
2004£150,377 £1,473 28
2003£164,519 £1,611 17
2002£62,983 £653 9
2001£55,197 £681 16
2000£43,146 £495 13
1999£49,250 £687 7
1998£41,845 £430 10
1997£39,532 £411 12
1996£37,902 £354 14
1995£40,625 £505 8
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£90,833 £2,073 3
2023£101,100 £1,792 5
2022£94,000 £2,016 3
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£86,125 £1,599 4
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£66,667 £1,236 3
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£121,396 £2,116 12
2004£138,114 £2,251 39
2003£118,281 £2,030 7
2002£34,633 £856 3
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
2019£135,0001
2018£165,000 £1,919 1
2017£170,0001
2016£164,750 £2,150 2

House Type in B71 3RW area

The most common house types in the B71 3RW 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 3RW 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