16, VIRGINIA DRIVE, PENN, WOLVERHAMPTON, WV4 5PS - £287,050

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 VIRGINIA DRIVE is a midsized detached house of 109m², built sometime between 1996 and 2002, which could now be worth an estimated £451,484. It was last sold for £287,050 in February 2017, which was around 35% above the average February 2017 detached price in the Wolverhampton local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

16 VIRGINIA DRIVE Sold Prices

Land registry data shows three sales for 16 VIRGINIA DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. All of the three 16 VIRGINIA DRIVE 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
2017 23 FEB	£287,050	£212,096	35% above HPI
1999 17 DEC	£129,950	£81,926	59% above HPI
1996 12 JUL	£102,950	£65,381	57% above HPI

16 VIRGINIA DRIVE 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 three 16 VIRGINIA DRIVE sales between July 1996 and February 2017 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 1999 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the February 2017 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 16 VIRGINIA DRIVE be worth now?

16 VIRGINIA DRIVE might now be worth an estimated £451,484.

This is based on house price inflation of 57.3%, between February 2017 and February 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 57.3% inflationary increase is applied to the most recent sale price for 16 VIRGINIA DRIVE of £287,050 on 23rd February 2017. For the value to have increased from £287,050 to £451,484 over the eight years to February 2025, the following assumptions must hold true:

• The value of 16 VIRGINIA DRIVE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The February 2017 sale price of £287,050 represented a fair market value for the property.
• The size, condition, and specification of 16 VIRGINIA DRIVE has not materially changed since February 2017.

How Large is 16 VIRGINIA DRIVE?

16 VIRGINIA DRIVE is 109m² according to the EPC inspection conducted in November 2016. This puts it in the largest 50% 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 16 VIRGINIA DRIVE lies on this distribution: 51% of detached houses houses are smaller than 16 VIRGINIA DRIVE, and 48% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

16 VIRGINIA DRIVE: Plot and Title Map

16 VIRGINIA DRIVE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 16 VIRGINIA DRIVE, 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 VIRGINIA DRIVE). 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 VIRGINIA DRIVE?

16 VIRGINIA DRIVE is located in PENN, in the WV4 postcode district. The below map shows the position of No. 16 on VIRGINIA DRIVE.