1, FORMBY AVENUE, PERTON, WOLVERHAMPTON, WV6 7YU - £267,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 FORMBY AVENUE is a large extended detached house of 111m², built sometime between 1983 and 1990. It was last sold for £267,000 in July 2019, which was around 17% below the average July 2019 detached price in the South Staffordshire local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

1 FORMBY AVENUE Sold Prices

Land registry data shows two sales for 1 FORMBY AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. Both of the two 1 FORMBY AVENUE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 11 JUL	£267,000	£322,682	17% below HPI
2003 7 MAR	£156,000	£184,939	16% below HPI

1 FORMBY AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Staffordshire local authority area over time, sourced from the HPI. The two 1 FORMBY AVENUE sales from March 2003 and July 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2003 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2019 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 1 FORMBY AVENUE?

1 FORMBY AVENUE is 111m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the largest 40% of detached houses in Perton, based on EPC data. The below chart shows the distribution of detached houses by size in Perton, and where 1 FORMBY AVENUE lies on this distribution: 68% of detached houses are smaller than 1 FORMBY AVENUE, and 30% of houses are larger. Note that EPC data is not available for all properties in Perton.

1 FORMBY AVENUE: Plot and Title Map

1 FORMBY AVENUE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 1 FORMBY AVENUE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 FORMBY AVENUE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 FORMBY AVENUE?

1 FORMBY AVENUE is located in PERTON, in the WV6 postcode district. The below map shows the position of No. 1 on FORMBY AVENUE.