16, FARWAY GARDENS, CODSALL, WOLVERHAMPTON, WV8 2QA - £575,000

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.

16 FARWAY GARDENS is a large extended detached house of 155m², built sometime between 1996 and 2002, which could now be worth an estimated £591,734. It was last sold for £575,000 in May 2023, which was around 39% above the average May 2023 detached price in the South Staffordshire local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was C.

16 FARWAY GARDENS Sold Prices

Land registry data shows two sales for 16 FARWAY GARDENS 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 16 FARWAY GARDENS 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
2023 30 MAY	£575,000	£412,408	39% above HPI
1999 3 JUN	£227,500	£108,265	110% above HPI

16 FARWAY GARDENS 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 16 FARWAY GARDENS sales from June 1999 and May 2023 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 June 1999 sale was for 110% above the HPI. So the extrapolation line tracks at 110% above the HPI over time, until the May 2023 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 16 FARWAY GARDENS be worth now?

16 FARWAY GARDENS might now be worth an estimated £591,734.

This is based on house price inflation of 2.9%, between May 2023 and March 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 2.9% inflationary increase is applied to the most recent sale price for 16 FARWAY GARDENS of £575,000 on 30th May 2023. For the value to have increased from £575,000 to £591,734 over the two years and two months to March 2025, the following assumptions must hold true:

• The value of 16 FARWAY GARDENS has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The May 2023 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 16 FARWAY GARDENS has not materially changed since May 2023.

How Large is 16 FARWAY GARDENS?

16 FARWAY GARDENS is 155m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the largest 30% of detached houses houses in Codsall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Codsall, and where 16 FARWAY GARDENS lies on this distribution: 77% of detached houses houses are smaller than 16 FARWAY GARDENS, and 23% of houses are larger. Note that EPC data is not available for all properties in Codsall.

16 FARWAY GARDENS: Plot and Title Map

16 FARWAY GARDENS sits on a plot of roughly 0.187 of an acre, or 758m². The below map shows the location of 16 FARWAY GARDENS, 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 16 FARWAY GARDENS). 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 16 FARWAY GARDENS?

16 FARWAY GARDENS is located in CODSALL, in the WV8 postcode district. The below map shows the position of No. 16 on FARWAY GARDENS.