1, GROVE LANE, WOLVERHAMPTON, WV6 8NH - £265,000

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 GROVE LANE is a very large extended detached house of 199m², built sometime before 1900. It was last sold for £265,000 in January 2018, which was around 17% above the average January 2018 detached price in the Wolverhampton local authority area. The most recent EPC inspection was September 2023, where the current energy rating was E, and the potential energy rating was C.

1 GROVE LANE Sold Prices

Land registry data shows three sales for 1 GROVE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. All of the three 1 GROVE LANE sales were for above 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
2018 26 JAN	£265,000	£227,450	17% above HPI
2014 16 DEC	£295,000	£194,232	52% above HPI
2000 12 APR	£248,430	£87,257	185% above HPI

1 GROVE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wolverhampton local authority area over time, sourced from the HPI. The three 1 GROVE LANE sales between April 2000 and January 2018 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 December 2014 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the January 2018 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 1 GROVE LANE?

1 GROVE LANE is 199m², which includes two extensions, according to the EPC inspection conducted in September 2023. This puts it in the largest 10% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 1 GROVE LANE lies on this distribution: 92% of detached houses are smaller than 1 GROVE LANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

1 GROVE LANE: Plot and Title Map

1 GROVE LANE sits on a plot of roughly 0.208 of an acre, or 841m². The below map shows the location of 1 GROVE LANE, 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 GROVE LANE). 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 GROVE LANE?

1 GROVE LANE is located in WOLVERHAMPTON, in the WV6 postcode district. The below map shows the position of No. 1 on GROVE LANE.