15, NEEDWOOD CLOSE, WOLVERHAMPTON, WV2 4PP - £197,500

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.

15 NEEDWOOD CLOSE is a large extended detached house of 120m², built sometime between 1967 and 1975, which could now be worth an estimated £327,541. It was last sold for £197,500 in October 2015, which was around 2% above the average October 2015 detached price in the Wolverhampton local authority area. The most recent EPC inspection was December 2012, where the current energy rating was E, and the potential energy rating was C.

15 NEEDWOOD CLOSE Sold Prices

Land registry data shows two sales for 15 NEEDWOOD 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 Wolverhampton local authority area for the corresponding sale date. Both of the two 15 NEEDWOOD CLOSE 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
2015 15 OCT	£197,500	£193,063	2% above HPI
2002 11 JAN	£115,000	£106,029	8% above HPI

15 NEEDWOOD CLOSE 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 15 NEEDWOOD CLOSE sales from January 2002 and October 2015 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 January 2002 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2015 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 15 NEEDWOOD CLOSE be worth now?

15 NEEDWOOD CLOSE might now be worth an estimated £327,541.

This is based on house price inflation of 65.8%, between October 2015 and June 2025, for detached houses, in the Wolverhampton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 65.8% inflationary increase is applied to the most recent sale price for 15 NEEDWOOD CLOSE of £197,500 on 15th October 2015. For the value to have increased from £197,500 to £327,541 over the ten years and four months to June 2025, the following assumptions must hold true:

• The value of 15 NEEDWOOD CLOSE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The October 2015 sale price of £197,500 represented a fair market value for the property.
• The size, condition, and specification of 15 NEEDWOOD CLOSE has not materially changed since October 2015.

How Large is 15 NEEDWOOD CLOSE?

15 NEEDWOOD CLOSE is 120m², which includes one extension, according to the EPC inspection conducted in December 2012. This puts it in the largest 40% of detached houses houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wolverhampton, and where 15 NEEDWOOD CLOSE lies on this distribution: 63% of detached houses houses are smaller than 15 NEEDWOOD CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

15 NEEDWOOD CLOSE: Plot and Title Map

15 NEEDWOOD CLOSE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 15 NEEDWOOD 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 NEEDWOOD 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 NEEDWOOD CLOSE?

15 NEEDWOOD CLOSE is located in WOLVERHAMPTON, in the WV2 postcode district. The below map shows the position of No. 15 on NEEDWOOD CLOSE.