2, COMMON ROAD, WOMBOURNE, WOLVERHAMPTON, WV5 0EZ - £420,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 COMMON ROAD is a small extended detached house of 96m², built sometime between 1950 and 1966. It was last sold for £420,000 in June 2024, which was about the average June 2024 detached price in the South Staffordshire local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was C.

2 COMMON ROAD Sold Prices

Land registry data shows two sales for 2 COMMON ROAD 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. One of the two 2 COMMON ROAD 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
2024 28 JUN	£420,000	£420,458	Close to HPI
2003 28 JAN	£245,000	£183,023	34% above HPI

2 COMMON ROAD 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 2 COMMON ROAD sales from January 2003 and June 2024 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 2003 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the June 2024 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 2 COMMON ROAD?

2 COMMON ROAD is 96m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the smallest 40% of detached houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses by size in Wombourne, and where 2 COMMON ROAD lies on this distribution: 32% of detached houses are smaller than 2 COMMON ROAD, and 67% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

2 COMMON ROAD: Plot and Title Map

2 COMMON ROAD sits on a plot of roughly 0.235 of an acre, or 950m². The below map shows the location of 2 COMMON ROAD, 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 2 COMMON ROAD). 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 2 COMMON ROAD?

2 COMMON ROAD is located in WOMBOURNE, in the WV5 postcode district. The below map shows the position of No. 2 on COMMON ROAD.