1, PROSPECT ROAD, DUDLEY, DY3 2TJ - £445,000

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 PROSPECT ROAD is a very large extended detached house of 172m², built sometime before 1900, which could now be worth an estimated £480,133. It was last sold for £445,000 in May 2022, which was around 38% above the average May 2022 detached price in the Dudley local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

1 PROSPECT ROAD Sold Prices

Land registry data shows two sales for 1 PROSPECT ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. One of the two 1 PROSPECT ROAD sales was for above the average price, whilst the other was 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
2022 31 MAY	£445,000	£322,961	38% above HPI
2013 25 OCT	£125,000	£195,483	36% below HPI

1 PROSPECT ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The two 1 PROSPECT ROAD sales from October 2013 and May 2022 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 October 2013 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2022 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 1 PROSPECT ROAD be worth now?

1 PROSPECT ROAD might now be worth an estimated £480,133.

This is based on house price inflation of 7.9%, between May 2022 and February 2025, for detached houses, in the Dudley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.9% inflationary increase is applied to the most recent sale price for 1 PROSPECT ROAD of £445,000 on 31st May 2022. For the value to have increased from £445,000 to £480,133 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 1 PROSPECT ROAD has moved in line with the HPI for detached houses in the Dudley local authority area.
• The May 2022 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PROSPECT ROAD has not materially changed since May 2022.

How Large is 1 PROSPECT ROAD?

1 PROSPECT ROAD is 172m², which includes three extensions, according to the EPC inspection conducted in November 2021. This puts it in the largest 10% of detached houses houses in Sedgley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sedgley, and where 1 PROSPECT ROAD lies on this distribution: 95% of detached houses houses are smaller than 1 PROSPECT ROAD, and 5% of houses are larger. Note that EPC data is not available for all properties in Sedgley.

1 PROSPECT ROAD: Plot and Title Map

1 PROSPECT ROAD sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 1 PROSPECT ROAD, 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 PROSPECT ROAD). 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 PROSPECT ROAD?

1 PROSPECT ROAD is located in DUDLEY, in the DY3 postcode district. The below map shows the position of No. 1 on PROSPECT ROAD.