15, FURNACE CLOSE, WOMBOURNE, WOLVERHAMPTON, WV5 0PB - £260,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 FURNACE CLOSE is a very small detached house of 66m², built sometime between 1983 and 1990. It was last sold for £260,000 in June 2021, which was around 29% below the average June 2021 detached price in the South Staffordshire local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

15 FURNACE CLOSE Sold Prices

Land registry data shows two sales for 15 FURNACE 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 15 FURNACE 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
2021 7 JUN	£260,000	£364,801	29% below HPI
2016 29 JUL	£195,000	£287,723	32% below HPI

15 FURNACE 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 15 FURNACE CLOSE sales from July 2016 and June 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 July 2016 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 15 FURNACE CLOSE?

15 FURNACE CLOSE is 66m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of detached houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses by size in Wombourne, and where 15 FURNACE CLOSE lies on this distribution: 6% of detached houses are smaller than 15 FURNACE CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

15 FURNACE CLOSE: Plot and Title Map

15 FURNACE CLOSE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 15 FURNACE 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 15 FURNACE 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 15 FURNACE CLOSE?

15 FURNACE CLOSE is located in WOMBOURNE, in the WV5 postcode district. The below map shows the position of No. 15 on FURNACE CLOSE.