1B, CHAPEL LANE, CODSALL, WOLVERHAMPTON, WV8 2EH - £382,000

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

1B CHAPEL LANE is a small detached house of 105m², built sometime between 1976 and 1982. It was last sold for £382,000 in February 2022, which was around 2% below the average February 2022 detached price in the South Staffordshire local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

1B CHAPEL LANE Sold Prices

Land registry data shows three sales for 1B CHAPEL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. Two of the three 1B CHAPEL LANE sales were for below the average price, whilst one 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
2022 14 FEB	£382,000	£388,999	2% below HPI
2018 17 MAY	£292,000	£310,641	6% below HPI
2014 9 JAN	£270,000	£248,995	8% above HPI

1B CHAPEL LANE 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 three 1B CHAPEL LANE sales between January 2014 and February 2022 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 May 2018 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2022 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 1B CHAPEL LANE?

1B CHAPEL LANE is 105m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 40% of detached houses in Codsall, based on EPC data. The below chart shows the distribution of detached houses by size in Codsall, and where 1B CHAPEL LANE lies on this distribution: 35% of detached houses are smaller than 1B CHAPEL LANE, and 64% of houses are larger. Note that EPC data is not available for all properties in Codsall.

1B CHAPEL LANE: Plot and Title Map

1B CHAPEL LANE sits on a plot of roughly 0.086 of an acre, or 350m². The below map shows the location of 1B CHAPEL 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 1B CHAPEL 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 1B CHAPEL LANE?

1B CHAPEL LANE is located in CODSALL, in the WV8 postcode district. The below map shows the position of No. 1B on CHAPEL LANE.