Pennyhill Lane - B71 3RW
Key Postcode Insights
B71 3RW is a residential postcode situated on Pennyhill Lane, West Bromwich, B71 with 20 addresses.
It ranks as the 830th largest and 1310th most expensive of the 1,372 postcodes in the B71 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 20 properties: 20 houses.
- Ave. Sale Price
- £350,120
- 10 Year change
- up 63.3%
- Ave. Rental Price
- £1,575pcm
- 10 Year change
- up 65.8%
- Ave. £ per ft²
- £304/ft²
- Ave. Gross Yield
- 5.4%/year/yr
Key Postcode Insights
B71 3RW is a residential postcode situated on Pennyhill Lane, West Bromwich, B71 with 20 addresses.
It ranks as the 830th largest and 1310th most expensive of the 1,372 postcodes in the B71 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 20 properties: 20 houses.
- Ave. Sale Price
- £350,120
- 10 Year change
- up 63.3%
- Ave. Rental Price
- £1,575pcm
- 10 Year change
- up 65.8%
- Ave. £ per ft²
- £304/ft²
- Ave. Gross Yield
- 5.4%/year/yr
Explore Propertiesin B71 3RW
- 2 Pennyhill Lane
Unknown
- 4 Pennyhill Lane
Unknown
- 6 Pennyhill Lane
3 Bed Early-century House
- 8 Pennyhill Lane
4 Bed Early-century House
- 10 Pennyhill Lane
3 Bed Early-century House
Sales Market Trends
The last sale in B71 3RW sold for £308,000 on 12th September 2024. Since then prices are up an average of 0.3%.
The current average value in the postcode is £350,120.
The B71 3RW Sales Market has increased by 63.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.9% | £350,120 |
| June 2025 | 1.6% | £353,127 |
| June 2024 | 2.6% | £347,723 |
| June 2023 | 2.4% | £339,045 |
| June 2022 | 12.3% | £331,000 |
| June 2021 | 8.8% | £294,828 |
| June 2020 | 4.5% | £270,860 |
| June 2019 | 5.7% | £259,228 |
| June 2018 | 7.2% | £245,227 |
| June 2017 | 6.7% | £228,784 |
| June 2016 | 5.7% | £214,401 |
| June 2015 | 7% | £202,836 |
| June 2014 | 0.6% | £189,563 |
| June 2013 | 2.1% | £188,503 |
| June 2012 | -0.1% | £184,590 |
| June 2011 | -1.3% | £184,840 |
| June 2010 | 3.5% | £187,229 |
| June 2009 | -9.2% | £180,853 |
| June 2008 | -2.6% | £199,152 |
| June 2007 | 0% | £204,462 |
Rental Market Trends
The current average rental value in the postcode is £1,575.
The B71 3RW Rental Market has increased by 65.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.1% | £1,575pcm |
| June 2025 | 3.9% | £1,574pcm |
| June 2024 | 11.8% | £1,515pcm |
| June 2023 | 10.1% | £1,354pcm |
| June 2022 | 6.2% | £1,230pcm |
| June 2021 | 8.6% | £1,158pcm |
| June 2020 | 2.1% | £1,066pcm |
| June 2019 | 2.7% | £1,045pcm |
| June 2018 | 2.3% | £1,017pcm |
| June 2017 | 4.6% | £994pcm |
| June 2016 | 3.1% | £950pcm |
| June 2015 | 2.1% | £922pcm |
| June 2014 | 2.3% | £902pcm |
| June 2013 | 0.6% | £882pcm |
| June 2012 | 0.9% | £877pcm |
| June 2011 | 2.9% | £869pcm |
| June 2010 | 3.3% | £844pcm |
| June 2009 | -2.1% | £818pcm |
| June 2008 | 2.8% | £836pcm |
| June 2007 | 0% | £813pcm |
Sales History
The last sale was on 12th September 2024 for £308,000 and since then the market in the area has increased by 0.3%. The postcode has had a total of 23 sales since 1995.
B71 3RW has seen 3 sales in the last three years and no sales in the last twelve months.
- Sold Sep 2024£308,000 | 3 Bed House22, Pennyhill Lane, West Bromwich, B71 3RW22, Pennyhill Lane, West Bromwich, B71 3RW
- Sold Aug 2023£295,000 | 4 Bed House26, Pennyhill Lane, West Bromwich, B71 3RW26, Pennyhill Lane, West Bromwich, B71 3RW
- Sold Jan 2023£385,000 | 4 Bed House8, Pennyhill Lane, West Bromwich, B71 3RW8, Pennyhill Lane, West Bromwich, B71 3RW
- Sold Oct 2022£340,000 | 3 Bed House6, Pennyhill Lane, West Bromwich, B71 3RW6, Pennyhill Lane, West Bromwich, B71 3RW
- Sold Jun 2021£245,000 | 3 Bed House18, Pennyhill Lane, West Bromwich, B71 3RW18, Pennyhill Lane, West Bromwich, B71 3RW
Nearby Postcodes
B71 3RW is the 830th largest and the 1310th most expensive postcode out of the 1,372 postcodes in the B71 area.
- B71 3DP, Thursfield Road, West Bromwich, B71B71 3DP40 Addresses|63 m away
- B71 3RP, Pennyhill Lane, West Bromwich, B71B71 3RP13 Addresses|73 m away
- B71 3RN, Pennyhill Lane, West Bromwich, B71B71 3RN6 Addresses|74 m away
- B71 3RR, Hopkins Drive, West Bromwich, B71B71 3RR15 Addresses|101 m away
- B71 3RS, Haypits Close, West Bromwich, B71B71 3RS14 Addresses|107 m away
Property Types
- 13 early-century houses built between 1912 and 1935
- 7 other addresses of unknown type
- early-century house (13)
- Unknown (7)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 13 properties.
- The most common rating is D.
- A (0)
- E (4)
- B (0)
- F (1)
- C (1)
- G (1)
- D (6)
- No EPC (7)
Top 3 Most Expensive Sales
- Sold Jan 2023£385,000 | 4 Bed House8, Pennyhill Lane, West Bromwich, B71 3RW8, Pennyhill Lane, West Bromwich, B71 3RW
- Sold Mar 2022£370,000 | 4 Bed House37, Pennyhill Lane, West Bromwich, B71 3RP37, Pennyhill Lane, West Bromwich, B71 3RP
- Sold Sep 2019£350,000 | 4 Bed House37, Pennyhill Lane, West Bromwich, B71 3RP37, Pennyhill Lane, West Bromwich, B71 3RP
Schools Nearby
- Pennyhill Primary School400 m away
- St Mary Magdalene CofE Voluntary Controlled Primary School800 m away
- Hall Green Primary School1.1 km away
- The Phoenix Collegiate1.1 km away
- Wodensborough Ormiston Academy1.8 km away
- Shireland CBSO Academy2.0 km away
More reading links
Public Transport Nearby
The closest station to B71 3RW is Tame Bridge Parkway station, which is 1.7 kilometres away.
- Tame Bridge Parkway|1.7 km away
- Bescot Stadium|2.8 km away
- Hamstead (Birmingham)|3.6 km away
- The Hawthorns|3.8 km away
