According to the public record, 16, Gorsey Lane, Walsall is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 818 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Gorsey Lane, Great Wyrley, Walsall, WS6 is located in the borough of South Staffordshire within the WS6 postal district.
16, Gorsey Lane, Walsall has a single entry in the Land Registry database from May 2012 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Gorsey Lane Walsall as £264,414 and the rental value as £1,166 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 16 Gorsey Lane Walsall has increased by £11,094 (4.2%) and its rental value has increased by £77 per month (6.6%).
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 16, Gorsey Lane, Walsall is in very good condition we estimate a sale value of £277,635 and rental value of £1,224 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £245,905 and a rental value of £1,084 per month.
If you were able to purchase this property for the estimated value of £264,414, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,300 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 16, Gorsey Lane, Walsall was last sold on 18 May 2012 for £111,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2012, the market for similar properties has risen 87.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Gorsey Lane, Walsall within a radius of 301m over the last 2 years.
The most recent example is 29A, Bentons Lane, Walsall, WS6 6EF, a Freehold house which sold for £235,000 in Feb 2024.
Read more about house prices in WS6.
Gorsey Lane, Great Wyrley, Walsall, WS6 has a total of 114 addresses. According to our analysis of all the public data, 16, Gorsey Lane, Walsall is the 61st largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £23k more expensive than the average property in WS6.
The closest station to 16, Gorsey Lane, Walsall is Landywood station which is 300 m 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 16, Gorsey Lane, Walsall, 41.9% of property is privately owned outright and 37.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London 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 16, Gorsey Lane, Walsall, 12.4% of residents are recorded as possessing school level qualifications and 19.2% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Gorsey Lane, Walsall, the average age was 44.6 and the most common age was 52.
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 16, Gorsey Lane, Walsall, 1.4% 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 16, Gorsey Lane, Walsall, 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.