Shut Mill Lane - B62 0LY
Key Postcode Insights
B62 0LY is a residential postcode situated on Shut Mill Lane, Romsley, Halesowen, B62 with 12 addresses.
It ranks as the 159th largest and 511th most expensive of the 525 postcodes in the B62 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 houses.
- Ave. Sale Price
- £825,628
- 10 Year change
- up 47.4%
- Ave. Rental Price
- £3,482pcm
- 10 Year change
- up 52.6%
- Ave. £ per ft²
- £612/ft²
- Ave. Gross Yield
- 5.1%/year/yr
Key Postcode Insights
B62 0LY is a residential postcode situated on Shut Mill Lane, Romsley, Halesowen, B62 with 12 addresses.
It ranks as the 159th largest and 511th most expensive of the 525 postcodes in the B62 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 houses.
- Ave. Sale Price
- £825,628
- 10 Year change
- up 47.4%
- Ave. Rental Price
- £3,482pcm
- 10 Year change
- up 52.6%
- Ave. £ per ft²
- £612/ft²
- Ave. Gross Yield
- 5.1%/year/yr
Explore Propertiesin B62 0LY
- Brockencote
4 Bed Mid-century House
- Brookside
Unknown
- Calcot House
5 Bed Mid-century House
- Daleswood Farm
5 Bed Period House
- Daleswood Farm Cottage
3 Bed Mid-century House
Sales Market Trends
The last sale in B62 0LY sold for £620,000 on 26th February 2021. Since then prices are up an average of 17.2%.
The current average value in the postcode is £825,628.
The B62 0LY Sales Market has increased by 47.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.1% | £825,628 |
| June 2025 | 2% | £843,305 |
| June 2024 | 1% | £826,839 |
| June 2023 | 2.4% | £818,876 |
| June 2022 | 10.4% | £799,602 |
| June 2021 | 7.7% | £724,342 |
| June 2020 | 1.6% | £672,565 |
| June 2019 | 3.9% | £661,762 |
| June 2018 | 7.2% | £637,108 |
| June 2017 | 6.2% | £594,429 |
| June 2016 | 5.1% | £559,971 |
| June 2015 | 4.7% | £532,930 |
| June 2014 | 5.5% | £509,217 |
| June 2013 | 0.9% | £482,702 |
| June 2012 | -0.1% | £478,241 |
| June 2011 | 0% | £478,689 |
| June 2010 | 6.3% | £478,911 |
| June 2009 | -5.9% | £450,366 |
| June 2008 | -3.4% | £478,856 |
| June 2007 | 0% | £495,635 |
Rental Market Trends
The current average rental value in the postcode is £3,482.
The B62 0LY Rental Market has increased by 52.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.9% | £3,482pcm |
| June 2025 | -0.2% | £3,450pcm |
| June 2024 | 6.4% | £3,458pcm |
| June 2023 | 10.3% | £3,249pcm |
| June 2022 | 6.9% | £2,947pcm |
| June 2021 | 10.3% | £2,757pcm |
| June 2020 | 1.9% | £2,499pcm |
| June 2019 | 1.4% | £2,453pcm |
| June 2018 | 1.5% | £2,419pcm |
| June 2017 | 4.4% | £2,383pcm |
| June 2016 | 4% | £2,282pcm |
| June 2015 | 3% | £2,196pcm |
| June 2014 | 3.9% | £2,132pcm |
| June 2013 | -0.6% | £2,052pcm |
| June 2012 | 1.4% | £2,065pcm |
| June 2011 | 2.8% | £2,037pcm |
| June 2010 | 6.1% | £1,980pcm |
| June 2009 | -2.4% | £1,866pcm |
| June 2008 | 1.9% | £1,912pcm |
| June 2007 | 0% | £1,877pcm |
Sales History
The last sale was on 26th February 2021 for £620,000 and since then the market in the area has increased by 17.2%. The postcode has had a total of 9 sales since 1995.
B62 0LY has seen no sales in the last three years and no sales in the last twelve months.
- Sold Feb 2021£620,000 | 3 Bed HouseShut Mill Barn, Shut Mill Lane, Halesowen, B62 0LYShut Mill Barn, Shut Mill Lane, Halesowen, B62 0LY
- Sold Feb 2020£385,000 | 3 Bed HouseFerndale, Shut Mill Lane, Halesowen, B62 0LYFerndale, Shut Mill Lane, Halesowen, B62 0LY
- Sold Aug 2014£380,000 | 4 Bed HouseBrockencote, Shut Mill Lane, Halesowen, B62 0LYBrockencote, Shut Mill Lane, Halesowen, B62 0LY
- Sold May 2012£250,000 | 5 Bed HouseCalcot House, Shut Mill Lane, Halesowen, B62 0LYCalcot House, Shut Mill Lane, Halesowen, B62 0LY
- Sold Jul 2002£335,000 | 3 Bed HouseShut Mill Barn, Shut Mill Lane, Halesowen, B62 0LYShut Mill Barn, Shut Mill Lane, Halesowen, B62 0LY
Nearby Postcodes
B62 0LY is the 159th largest and the 511th most expensive postcode out of the 525 postcodes in the B62 area.
- B62 0LU, Winwood Heath Road, Romsley, Halesowen, B62B62 0LU1 Addresses|349 m away
- B62 0LZ, Shut Mill Lane, Romsley, Halesowen, B62B62 0LZ5 Addresses|413 m away
- B62 0LX, Rumbow Lane, Walton Hill, Romsley, Halesowen, B62B62 0LX9 Addresses|628 m away
- B62 0LS, Munches Lane, Romsley, Halesowen, B62B62 0LS2 Addresses|759 m away
- B62 0NA, Spring Lane, Romsley, Halesowen, B62B62 0NA5 Addresses|874 m away
Property Types
- 3 period houses built between 1800 and 1911
- 1 modern house built after 1980
- 4 mid-century houses built between 1936 and 1979
- 4 other addresses of unknown type
- period house (3)
- modern house (1)
- mid-century house (4)
- Unknown (4)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 8 properties.
- The most common rating is F.
- A (0)
- E (1)
- B (0)
- F (4)
- C (0)
- G (1)
- D (2)
- No EPC (4)
Top 3 Most Expensive Sales
- Sold Nov 2022£690,000 | 4 Bed HouseThe Moles, Shut Mill Lane, Halesowen, B62 0LZThe Moles, Shut Mill Lane, Halesowen, B62 0LZ
- Sold Feb 2021£620,000 | 3 Bed HouseShut Mill Barn, Shut Mill Lane, Halesowen, B62 0LYShut Mill Barn, Shut Mill Lane, Halesowen, B62 0LY
- Sold Nov 2015£513,500 | 5 Bed HouseWalton Lodge, Shut Mill Lane, Halesowen, B62 0LZWalton Lodge, Shut Mill Lane, Halesowen, B62 0LZ
Schools Nearby
- Romsley St Kenelm's CofE Primary School1.9 km away
- Clent Parochial Primary School2.2 km away
- Belbroughton CofE Primary School3.3 km away
- Waseley Hills High School3.6 km away
- King Edward VI Balaam Wood Academy4.2 km away
- Hagley Catholic High School5.1 km away
More reading links
Public Transport Nearby
The closest station to B62 0LY is Hagley station, which is 4.9 kilometres away.
- Hagley|4.9 km away
- Stourbridge Junction|5.9 km away
- Lye (West Midlands)|6.5 km away
- Blakedown|6.6 km away
