1, REES DRIVE, WOMBOURNE, WOLVERHAMPTON, WV5 9DR - £347,500

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 REES DRIVE is a large extended detached house of 121m², built sometime between 1967 and 1975. It was last sold for £347,500 in March 2021, which was around 3% below the average March 2021 detached price in the South Staffordshire local authority area. The most recent EPC inspection was December 2019, where the current energy rating was E, and the potential energy rating was B.

1 REES DRIVE Sold Prices

Land registry data shows two sales for 1 REES DRIVE 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 REES DRIVE 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
2021 10 MAR	£347,500	£358,855	3% below HPI
2020 17 JAN	£270,000	£323,354	17% below HPI

1 REES DRIVE 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 REES DRIVE sales from January 2020 and March 2021 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 January 2020 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the March 2021 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 1 REES DRIVE?

1 REES DRIVE is 121m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the largest 40% of detached houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses by size in Wombourne, and where 1 REES DRIVE lies on this distribution: 62% of detached houses are smaller than 1 REES DRIVE, and 36% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

1 REES DRIVE: Plot and Title Map

1 REES DRIVE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 1 REES DRIVE, 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 REES DRIVE). 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 REES DRIVE?

1 REES DRIVE is located in WOMBOURNE, in the WV5 postcode district. The below map shows the position of No. 1 on REES DRIVE.