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Great Wyrley and Cheslyn Hay House Prices

The average house price in Great Wyrley and Cheslyn Hay is £275,000 using HM Land Registry data.

The average property price increased by £67,264 (32.67%) over the last 5 years and increased by £13,447 (5.18%) over the last 12 months.

Over the last year, there were 136 residential property sales – a decrease of 79 transactions (-58.09%) relative to the previous year. The majority of house sales (33) were in the £226,000 - £274,000 range. Then came properties in the £178,000 - £226,000 range, where 30 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 53 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,984 (-2%).

In June 2024, there were 29 new estate agency instructions, 27 agreed home sales and 19 property price reductions.

5-Year Average Property Prices in Great Wyrley and Cheslyn Hay

32.67%

Property prices in Great Wyrley and Cheslyn Hay increased by 32.67% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Great Wyrley and Cheslyn Hay Over the Last Year

5.18%

Property prices in Great Wyrley and Cheslyn Hay increased by 5.18% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for Great Wyrley and Cheslyn Hay - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Great Wyrley and Cheslyn Hay

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Great Wyrley and Cheslyn Hay

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Great Wyrley and Cheslyn Hay

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Great Wyrley and Cheslyn Hay since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Great Wyrley and Cheslyn Hay area since 1995.

Recent Property Sales in Great Wyrley and Cheslyn Hay

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
4 Meadowbank Grange, Great Wyrley, Walsall, Staffordshire, WS6 6PT	£399,950	£390,000	-£9,950	13 Feb 2024	24 May 2024	101 Days
16 Hawks Close, Walsall, Staffordshire, WS6 7LE	£270,000	£270,000	£00	09 Nov 2023	11 Apr 2024	154 Days
53 Leveson Avenue, Walsall, Staffordshire, WS6 7BN	£265,000	£263,000	-£2,000	16 Oct 2023	22 Mar 2024	158 Days
9 The Nook, Walsall, Staffordshire, WS6 7LD	£300,000	£285,000	-£15,000	12 Oct 2023	08 Mar 2024	148 Days
76 Station Road, Great Wyrley, Walsall, Staffordshire, WS6 6LJ	£460,000	£460,000	£00	28 Sep 2023	23 Feb 2024	148 Days
21 Hayes View Drive, Walsall, Staffordshire, WS6 7EX	£295,000	£285,000	-£10,000	23 Jan 2024	08 Feb 2024	16 Days
559 Walsall Road, Great Wyrley, Walsall, Staffordshire, WS6 6AE	£199,950	£180,000	-£19,950	03 Oct 2023	19 Jan 2024	108 Days
8 Lapwing Close, Walsall, Staffordshire, WS6 7LL	£250,000	£250,000	£00	22 Sep 2023	15 Jan 2024	115 Days
17 Station Road, Great Wyrley, Walsall, Staffordshire, WS6 6LH	£335,000	£335,000	£00	18 Aug 2023	12 Jan 2024	147 Days
40 Well Lane, Great Wyrley, Walsall, Staffordshire, WS6 6EZ	£325,000	£315,000	-£10,000	27 Jul 2023	19 Dec 2023	145 Days
58 Love Lane, Great Wyrley, Walsall, Staffordshire, WS6 6NW	£230,000	£217,000	-£13,000	05 Sep 2023	15 Dec 2023	101 Days
127 Walsall Road, Great Wyrley, Walsall, Staffordshire, WS6 6LB	£425,000	£418,000	-£7,000	17 Jul 2023	15 Dec 2023	151 Days
106 Station Street, Cheslyn Hay, Walsall, Staffordshire, WS6 7EQ	£177,000	£176,000	-£1,000	19 Jul 2023	14 Dec 2023	148 Days
47 Love Lane, Great Wyrley, Walsall, Staffordshire, WS6 6NN	£400,000	£394,500	-£5,500	06 Apr 2023	08 Dec 2023	246 Days
1 Oxford Close, Walsall, Staffordshire, WS6 6BT	£190,000	£190,000	£00	31 Jan 2023	01 Dec 2023	304 Days
4 Coppice Close, Cheslyn Hay, Walsall, Staffordshire, WS6 7EZ	£299,950	£299,950	£00	24 May 2023	01 Dec 2023	191 Days
19 Mount Close, Walsall, Staffordshire, WS6 7BP	£250,000	£250,000	£00	17 Aug 2023	27 Nov 2023	102 Days
134 Sutherland Road, Walsall, Staffordshire, WS6 7BT	£220,000	£220,000	£00	09 Aug 2023	24 Nov 2023	107 Days
28 Ramillies Crescent, Walsall, Staffordshire, WS6 6JQ	£175,000	£175,000	£00	27 Jun 2023	24 Nov 2023	150 Days
11 Hayes View Drive, Walsall, Staffordshire, WS6 7EX	£280,000	£272,500	-£7,500	06 Sep 2023	14 Nov 2023	69 Days

Most Expensive Streets in Great Wyrley and Cheslyn Hay

Postcode	Street	Area	Average	No. of Sales
WS6 7PH	Highfields Park	Cheslyn Hay	£479,375	4
WS6 6PZ	St Marks Close	Great Wyrley	£452,000	5
WS6 7PB	Pool Meadow	Cheslyn Hay	£432,714	7
WS6 7LN	Tudor Way	Cheslyn Hay	£415,000	4
WS6 7LS	Anstree Close	Cheslyn Hay	£413,333	3
WS6 7PE	Gilpins Croft	Cheslyn Hay	£375,000	3
WS6 7AR	Holly Lane	Cheslyn Hay	£368,750	4
WS6 6PT	Meadowbank Grange	Great Wyrley	£364,166	6
WS6 7NZ	Besom Way	Cheslyn Hay	£360,400	5
WS6 7NY	Pinfold Lane	Cheslyn Hay	£358,951	4

Least Expensive Streets in Great Wyrley and Cheslyn Hay

Postcode	Street	Area	Average	No. of Sales
WS6 6HH	Penny Court	Walsall	£93,333	6
WS6 7JS	Old Falls Close	Cheslyn Hay	£101,666	3
WS6 6JR	Triton Close	Walsall	£115,666	3
WS6 6JW	Achilles Close	Walsall	£121,700	10
WS6 7EA	Chapel Square	Walsall	£126,333	3
WS6 6JU	Ajax Close	Walsall	£139,156	8
WS6 6JQ	Ramillies Crescent	Walsall	£140,750	6
WS6 6JG	Ramillies Crescent	Walsall	£144,166	6
WS6 6JP	Anson Road	Great Wyrley	£144,333	3
WS6 6JN	Orion Close	Walsall	£146,000	3