1, RICHMOND GARDENS, WOMBOURNE, WOLVERHAMPTON, WV5 0LQ - £595,000

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 RICHMOND GARDENS is a large extended detached house of 141m², built sometime between 1976 and 1982, which could now be worth an estimated £632,221. It was last sold for £595,000 in August 2022, which was around 47% above the average August 2022 detached price in the South Staffordshire local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

1 RICHMOND GARDENS Sold Prices

Land registry data shows two sales for 1 RICHMOND GARDENS 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 RICHMOND GARDENS 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
2022 19 AUG	£595,000	£405,917	47% above HPI
2018 26 MAR	£450,000	£320,877	40% above HPI

1 RICHMOND GARDENS 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 RICHMOND GARDENS sales from March 2018 and August 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 March 2018 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the August 2022 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 1 RICHMOND GARDENS be worth now?

1 RICHMOND GARDENS might now be worth an estimated £632,221.

This is based on house price inflation of 6.3%, between August 2022 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 6.3% inflationary increase is applied to the most recent sale price for 1 RICHMOND GARDENS of £595,000 on 19th August 2022. For the value to have increased from £595,000 to £632,221 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 1 RICHMOND GARDENS has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The August 2022 sale price of £595,000 represented a fair market value for the property.
• The size, condition, and specification of 1 RICHMOND GARDENS has not materially changed since August 2022.

How Large is 1 RICHMOND GARDENS?

1 RICHMOND GARDENS is 141m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the largest 30% of detached houses houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wombourne, and where 1 RICHMOND GARDENS lies on this distribution: 80% of detached houses houses are smaller than 1 RICHMOND GARDENS, and 20% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

1 RICHMOND GARDENS: Plot and Title Map

1 RICHMOND GARDENS sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of 1 RICHMOND GARDENS, 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 GARDENS). 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 GARDENS?

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