1, RICHMOND DRIVE, WOLVERHAMPTON, WV3 9JE - £475,000

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 RICHMOND DRIVE is a very large extended detached house of 170m², built sometime between 1930 and 1949. It was last sold for £475,000 in February 2021, which was around 78% above the average February 2021 detached price in the Wolverhampton local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

1 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 1 RICHMOND 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 Wolverhampton local authority area for the corresponding sale date. Both of the two 1 RICHMOND DRIVE 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
2021 10 FEB	£475,000	£267,195	78% above HPI
1998 30 SEP	£175,000	£75,808	131% above HPI

1 RICHMOND DRIVE 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 two 1 RICHMOND DRIVE sales from September 1998 and February 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 September 1998 sale was for 131% above the HPI. So the extrapolation line tracks at 131% above the HPI over time, until the February 2021 sale, where it falls to 78% above the HPI. The line then continues to track at 78% above the HPI.

How Large is 1 RICHMOND DRIVE?

1 RICHMOND DRIVE is 170m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the largest 20% 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 RICHMOND DRIVE lies on this distribution: 86% of detached houses are smaller than 1 RICHMOND DRIVE, and 14% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

1 RICHMOND DRIVE: Plot and Title Map

1 RICHMOND DRIVE sits on a plot of roughly 0.507 of an acre, or 2,052m². The below map shows the location of 1 RICHMOND 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 RICHMOND 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 RICHMOND DRIVE?

1 RICHMOND DRIVE is located in WOLVERHAMPTON, in the WV3 postcode district. The below map shows the position of No. 1 on RICHMOND DRIVE.