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Company No. 11113204
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According to the public record, 2, Penny Black Lane, Sutton Coldfield is a modern freehold house with 1,205 ft2 of internal area and sits on a 327 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Penny Black Lane, Sutton Coldfield is £647,181 and the estimated rental value is £2,960 per month.
Penny Black Lane, Sutton Coldfield, B73 is located in the borough of Birmingham within the B73 postal district.
2, Penny Black Lane, Sutton Coldfield has a single entry in the Land Registry from March 2015 and a single entry in the EPC database dated December 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Penny Black Lane, Sutton Coldfield is in very good condition we estimate a sale value of £679,540 and a rental value of £3,108 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £601,879 and a rental value of £2,753 per month.
Over the last 12 months the sale value of 2 Penny Black Lane Sutton Coldfield has increased by an estimated £9,729 (1.5%) and its rental value has increased by an estimated £83 per month (2.8%), giving an expected gross yield of 5.5%.
According to data from HM Land Registry, 2, Penny Black Lane, Sutton Coldfield sits on a plot of 327m2.
We have plot size data on 3 out of 3 other houses in the postcode and 2, Penny Black Lane, Sutton Coldfield sits on the 3rd largest plot.
2, Penny Black Lane, Sutton Coldfield has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Dec 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Penny Black Lane, Sutton Coldfield was last sold on 27th March 2015 for £445,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since March 2015, the market for similar properties has dropped 21.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Penny Black Lane, Sutton Coldfield within a radius of 990 metres over the last 2 years.
The most recent example is 25, Thomas De Beauchamp Lane, Sutton Coldfield, B73 6DF, a freehold house which sold for £605,000 on the 17th September 2020.
Read more about house prices in B73.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Penny Black Lane, Sutton Coldfield, B73 has a total of 3 addresses. According to our analysis of all the public data, 2, Penny Black Lane, Sutton Coldfield is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £369k more expensive than the average property in B73.
The closest station to 2, Penny Black Lane, Sutton Coldfield is Sutton Coldfield station which is 600 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Penny Black Lane, Sutton Coldfield, 46.3% of property is privately owned outright and 38.1% is privately owned with a mortgage.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Penny Black Lane, Sutton Coldfield, 17.3% of residents are recorded as possessing school level qualifications and 49.5% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Penny Black Lane, Sutton Coldfield, the average age was 46 and the most common age was 57.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Penny Black Lane, Sutton Coldfield, 1.8% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Penny Black Lane, Sutton Coldfield, there are an average of 1.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
