1, MERCHANT CLOSE, PATTINGHAM, WOLVERHAMPTON, WV6 7EF - £300,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MERCHANT CLOSE is a midsized detached house of 122m², built sometime between 1996 and 2002, which could now be worth an estimated £414,173. It was last sold for £300,000 in May 2018, which was around 4% below the average May 2018 detached price in the South Staffordshire local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

1 MERCHANT CLOSE Sold Prices

Land registry data shows two sales for 1 MERCHANT CLOSE 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. One of the two 1 MERCHANT CLOSE sales was for below the average price, whilst the other was roughly equal to 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 18 MAY	£300,000	£312,413	4% below HPI
2004 16 AUG	£238,000	£238,130	Close to HPI

1 MERCHANT CLOSE 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 MERCHANT CLOSE sales from August 2004 and May 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 August 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2018 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 1 MERCHANT CLOSE be worth now?

1 MERCHANT CLOSE might now be worth an estimated £414,173.

This is based on house price inflation of 38.1%, between May 2018 and February 2025, for detached houses, in the South Staffordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38.1% inflationary increase is applied to the most recent sale price for 1 MERCHANT CLOSE of £300,000 on 18th May 2018. For the value to have increased from £300,000 to £414,173 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 1 MERCHANT CLOSE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The May 2018 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MERCHANT CLOSE has not materially changed since May 2018.

How Large is 1 MERCHANT CLOSE?

1 MERCHANT CLOSE is 122m² according to the EPC inspection conducted in February 2018. This puts it in the largest 50% of detached houses houses in Pattingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pattingham, and where 1 MERCHANT CLOSE lies on this distribution: 51% of detached houses houses are smaller than 1 MERCHANT CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Pattingham.

1 MERCHANT CLOSE: Plot and Title Map

1 MERCHANT CLOSE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 1 MERCHANT CLOSE, 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 MERCHANT CLOSE). 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 MERCHANT CLOSE?

1 MERCHANT CLOSE is located in PATTINGHAM, in the WV6 postcode district. The below map shows the position of No. 1 on MERCHANT CLOSE.