3, Penny Black Lane
3, Penny Black Lane
Description & Estimates
3, Penny Black Lane, Sutton Coldfield is recorded publicly as a modern freehold house across 1,754 ft2 of internal area, sitting on a 618 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 3, Penny Black Lane, Sutton Coldfield is £867,845 and its rental estimate is £3,970 per month, given the available information and assuming reasonable condition.
Penny Black Lane, Sutton Coldfield, B73 falls within the B73 postal district, in the borough of Birmingham.
Our Data Sources
3, 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 March 2015.
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.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 3, Penny Black Lane, Sutton Coldfield, we estimate a market value of £911,237 and a rental value of £4,168 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £807,096 and £3,692 per month respectively.
Recent Market Change
Over the last year, 3, Penny Black Lane, Sutton Coldfield has seen its estimated sale value grow by £13,046 (1.5%) and its estimated rental value climb by £112 per month (2.8%). This results in an estimated gross rental yield of 5.5%.
Plot Size
HM Land Registry records the plot of land for 3, Penny Black Lane, Sutton Coldfield as measuring 618 m2.
That makes it the 2nd largest plot in the postcode, where all 3 other houses have recorded plot data.
Energy Efficiency
3, Penny Black Lane, Sutton Coldfield has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Mar 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 3, Penny Black Lane, Sutton Coldfield completed on 30th March 2015 at £595,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 21.4% over the period since March 2015.
- Sold Mar 2015£595,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Penny Black Lane, Sutton Coldfield have sold within a radius of 990 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 31st July 2015, was 9, Thomas De Beauchamp Lane, Sutton Coldfield, B73 6DF, a freehold house which sold for £200,000.
Read more about house prices in B73.
- Sold Jul 2015£200,000 | 5 Bed HouseThomas De Beauchamp Lane9, Thomas De Beauchamp Lane, Sutton Coldfield, B73 6DF
- Sold Apr 2015£599,950 | 4 Bed HousePenny Black Lane4, Penny Black Lane, Sutton Coldfield, B73 6DQ
- Sold Dec 2014£589,950 | 5 Bed HouseThomas De Beauchamp Lane16, Thomas De Beauchamp Lane, Sutton Coldfield, B73 6DF
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 3 addresses on Penny Black Lane, Sutton Coldfield, B73, 3, Penny Black Lane, Sutton Coldfield comes out as the 2nd largest and the 2nd most expensive in our analysis of the public data.
It is also £589k more expensive than the average property across the B73 district.
More reading links
Schools Nearby
- 800mSt Joseph's Catholic Primary School
- 1.3kmWhitehouse Common Primary School
- 1.3kmCoppice Primary School
- 600mBishop Vesey's Grammar School
- 1.4kmPlantsbrook School
- 1.6kmSutton Coldfield Grammar School for Girls
More reading links
Public Transport Nearby
From 3, Penny Black Lane, Sutton Coldfield, the nearest station is Sutton Coldfield, 600 metres away.
- 600mSutton Coldfield
- 1.2kmFour Oaks
- 2.5kmWylde Green
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
