12, PALMERS CLOSE, CODSALL, WOLVERHAMPTON, WV8 2JX - £240,000

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.

12 PALMERS CLOSE is a very small extended detached house of 80m², built sometime between 1950 and 1966, which could now be worth an estimated £395,983. It was last sold for £240,000 in April 2010, which was around 8% below the average April 2010 detached price in the South Staffordshire local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was C.

12 PALMERS CLOSE Sold Prices

Land registry data shows two sales for 12 PALMERS CLOSE 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 12 PALMERS 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
2010 1 APR	£240,000	£261,411	8% below HPI
2005 20 DEC	£135,000	£244,601	45% below HPI

12 PALMERS 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 two 12 PALMERS CLOSE sales from December 2005 and April 2010 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 December 2005 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the April 2010 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 12 PALMERS CLOSE be worth now?

12 PALMERS CLOSE might now be worth an estimated £395,983.

This is based on house price inflation of 65%, between April 2010 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 65% inflationary increase is applied to the most recent sale price for 12 PALMERS CLOSE of £240,000 on 1st April 2010. For the value to have increased from £240,000 to £395,983 over the fifteen years and two months to February 2025, the following assumptions must hold true:

• The value of 12 PALMERS CLOSE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The April 2010 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PALMERS CLOSE has not materially changed since April 2010.

How Large is 12 PALMERS CLOSE?

12 PALMERS CLOSE is 80m², which includes two extensions, according to the EPC inspection conducted in November 2015. This puts it in the smallest 20% of detached houses houses in Bilbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bilbrook, and where 12 PALMERS CLOSE lies on this distribution: 15% of detached houses houses are smaller than 12 PALMERS CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Bilbrook.

12 PALMERS CLOSE: Plot and Title Map

12 PALMERS CLOSE sits on a plot of roughly 0.137 of an acre, or 555m². The below map shows the location of 12 PALMERS 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 PALMERS 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 PALMERS CLOSE?

12 PALMERS CLOSE is located in CODSALL, in the WV8 postcode district. The below map shows the position of No. 12 on PALMERS CLOSE.