12, OAKWOOD CLOSE, ESSINGTON, WOLVERHAMPTON, WV11 2DQ - £287,000

12 OAKWOOD CLOSE is a very small detached house of 77m², built sometime between 1983 and 1990. It was last sold for £287,000 in August 2020, which was around 15% below the average August 2020 detached price in the South Staffordshire local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

12 OAKWOOD CLOSE Sold Prices

Land registry data shows four sales for 12 OAKWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. All of the four 12 OAKWOOD CLOSE 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
2020 28 AUG	£287,000	£335,742	15% below HPI
2013 12 APR	£190,000	£242,255	22% below HPI
2008 29 AUG	£193,000	£264,113	27% below HPI
2002 8 MAR	£126,000	£144,397	13% below HPI

12 OAKWOOD 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 four 12 OAKWOOD CLOSE sales between March 2002 and August 2020 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 April 2013 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2020 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 12 OAKWOOD CLOSE?

12 OAKWOOD CLOSE is 77m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 10% of detached houses in Essington, based on EPC data. The below chart shows the distribution of detached houses by size in Essington, and where 12 OAKWOOD CLOSE lies on this distribution: 6% of detached houses are smaller than 12 OAKWOOD CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Essington.

12 OAKWOOD CLOSE: Plot and Title Map

12 OAKWOOD CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 12 OAKWOOD 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 12 OAKWOOD 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 12 OAKWOOD CLOSE?

12 OAKWOOD CLOSE is located in ESSINGTON, in the WV11 postcode district. The below map shows the position of No. 12 on OAKWOOD CLOSE.