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Great Wyrley and Cheslyn Hay House Prices

The average house price in Great Wyrley and Cheslyn Hay is £212,000 using HM Land Registry data.

The average property price increased by £70,727 (34.99%) over the last 5 years and increased by £14,136 (5.46%) over the last 12 months.

Over the last year, there were 132 residential property sales – a decrease of 97 transactions (-73.48%) relative to the previous year. The majority of house sales (36) were in the £220,000 - £270,000 range. Then came properties in the £170,000 - £220,000 range, where 25 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 88 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,984 (-2%).

In April 2024, there were 44 new estate agency instructions, 23 agreed home sales and 16 property price reductions.

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

34.99%

Property prices in Great Wyrley and Cheslyn Hay increased by 34.99% 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

5.46%

Property prices in Great Wyrley and Cheslyn Hay increased by 5.46% 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 - April 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
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
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
1 Oxford Close, Walsall, Staffordshire, WS6 6BT	£190,000	£190,000	£00	31 Jan 2023	01 Dec 2023	304 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
11 Hayes View Drive, Walsall, Staffordshire, WS6 7EX	£280,000	£272,500	-£7,500	06 Sep 2023	14 Nov 2023	69 Days
15 Tennscore Avenue, Walsall, Staffordshire, WS6 7BX	£255,000	£255,000	£00	18 Jul 2023	30 Oct 2023	104 Days
17 Bridge Avenue, Walsall, Staffordshire, WS6 7EP	£250,000	£250,000	£00	29 Jun 2023	24 Oct 2023	117 Days
338 Walsall Road, Great Wyrley, Walsall, Staffordshire, WS6 6DN	£240,000	£240,000	£00	21 Jun 2023	06 Oct 2023	107 Days
36 Glenthorne Drive, Walsall, Staffordshire, WS6 7DD	£230,000	£210,000	-£20,000	18 Apr 2023	06 Oct 2023	171 Days
163 Mitre Road, Walsall, Staffordshire, WS6 7HL	£210,000	£200,000	-£10,000	16 Jun 2023	06 Oct 2023	112 Days
10 Old Falls Close, Cheslyn Hay, Walsall, Staffordshire, WS6 7JS	£105,000	£95,000	-£10,000	24 Mar 2023	21 Sep 2023	181 Days
32 Jacobs Hall Lane, Walsall, Staffordshire, WS6 6AD	£295,000	£285,000	-£10,000	25 May 2023	15 Sep 2023	113 Days
80 Love Lane, Great Wyrley, Walsall, Staffordshire, WS6 6NW	£320,000	£315,000	-£5,000	22 Sep 2022	11 Sep 2023	354 Days
76 Broadmeadow Lane, Walsall, Staffordshire, WS6 6EH	£210,000	£207,000	-£3,000	29 Dec 2022	11 Sep 2023	256 Days

Most Expensive Streets in Great Wyrley and Cheslyn Hay

Postcode	Street	Area	Average	No. of Sales
WS6 6BF	Martin Grove	Walsall	£516,666	3
WS6 7PH	Highfields Park	Cheslyn Hay	£479,375	4
WS6 6PZ	St Marks Close	Great Wyrley	£441,666	6
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 6LL	Olde Hall Lane	Great Wyrley	£365,250	4
WS6 7NZ	Besom Way	Cheslyn Hay	£360,400	5

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 6JG	Ramillies Crescent	Walsall	£126,250	8
WS6 7EA	Chapel Square	Walsall	£126,333	3
WS6 6JQ	Ramillies Crescent	Walsall	£133,900	5
WS6 6JU	Ajax Close	Walsall	£139,156	8
WS6 6JP	Anson Road	Great Wyrley	£144,333	3
WS6 6JN	Orion Close	Walsall	£146,000	3