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

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 NEEDWOOD CLOSE is a large extended detached house of 120m², built sometime between 1967 and 1975. It was last sold for £197,500 in October 2015, which was about 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. One of the two 15 NEEDWOOD CLOSE sales was roughly equal to the average price, whilst the other was 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	£198,238	Close to HPI
2002 11 JAN	£115,000	£108,872	6% 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 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the October 2015 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

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 in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 15 NEEDWOOD CLOSE lies on this distribution: 63% of detached houses are smaller than 15 NEEDWOOD CLOSE, and 36% 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.