18, SPRINGFIELD LANE, WOLVERHAMPTON, WV10 6PX - £302,500

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.

18 SPRINGFIELD LANE is a small detached house of 92m², built sometime between 1950 and 1966, which could now be worth an estimated £386,286. It was last sold for £302,500 in December 2020, which was around 16% above the average December 2020 detached price in the Wolverhampton local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

18 SPRINGFIELD LANE Sold Prices

Land registry data shows two sales for 18 SPRINGFIELD LANE 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 18 SPRINGFIELD LANE 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
2020 18 DEC	£302,500	£261,236	16% above HPI
2006 15 DEC	£205,000	£197,211	4% above HPI

18 SPRINGFIELD LANE 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 18 SPRINGFIELD LANE sales from December 2006 and December 2020 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 2006 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the December 2020 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 18 SPRINGFIELD LANE be worth now?

18 SPRINGFIELD LANE might now be worth an estimated £386,286.

This is based on house price inflation of 27.7%, between December 2020 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 27.7% inflationary increase is applied to the most recent sale price for 18 SPRINGFIELD LANE of £302,500 on 18th December 2020. For the value to have increased from £302,500 to £386,286 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 18 SPRINGFIELD LANE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The December 2020 sale price of £302,500 represented a fair market value for the property.
• The size, condition, and specification of 18 SPRINGFIELD LANE has not materially changed since December 2020.

How Large is 18 SPRINGFIELD LANE?

18 SPRINGFIELD LANE is 92m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 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 18 SPRINGFIELD LANE lies on this distribution: 32% of detached houses houses are smaller than 18 SPRINGFIELD LANE, and 67% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

18 SPRINGFIELD LANE: Plot and Title Map

18 SPRINGFIELD LANE sits on a plot of roughly 0.154 of an acre, or 624m². The below map shows the location of 18 SPRINGFIELD LANE, 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 18 SPRINGFIELD LANE). 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 18 SPRINGFIELD LANE?

18 SPRINGFIELD LANE is located in WOLVERHAMPTON, in the WV10 postcode district. The below map shows the position of No. 18 on SPRINGFIELD LANE.