2, ELLIOTTS LANE, CODSALL, WOLVERHAMPTON, WV8 1PG - £300,000

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.

2 ELLIOTTS LANE is a midsized extended detached house of 126m², built sometime between 1950 and 1966, which could now be worth an estimated £426,709. It was last sold for £300,000 in March 2017, which was around 1% above the average March 2017 detached price in the South Staffordshire local authority area. The most recent EPC inspection was November 2014, where the current energy rating was E, and the potential energy rating was C.

2 ELLIOTTS LANE Sold Prices

Land registry data shows two sales for 2 ELLIOTTS 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 South Staffordshire local authority area for the corresponding sale date. Both of the two 2 ELLIOTTS 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
2017 13 MAR	£300,000	£298,384	1% above HPI
1995 13 APR	£92,000	£86,078	7% above HPI

2 ELLIOTTS 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 two 2 ELLIOTTS LANE sales from April 1995 and March 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 April 1995 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the March 2017 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 2 ELLIOTTS LANE be worth now?

2 ELLIOTTS LANE might now be worth an estimated £426,709.

This is based on house price inflation of 42.2%, between March 2017 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 42.2% inflationary increase is applied to the most recent sale price for 2 ELLIOTTS LANE of £300,000 on 13th March 2017. For the value to have increased from £300,000 to £426,709 over the eight years to March 2025, the following assumptions must hold true:

• The value of 2 ELLIOTTS LANE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The March 2017 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELLIOTTS LANE has not materially changed since March 2017.

How Large is 2 ELLIOTTS LANE?

2 ELLIOTTS LANE is 126m², which includes two extensions, according to the EPC inspection conducted in November 2014. This puts it in the largest 50% 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 2 ELLIOTTS LANE lies on this distribution: 53% of detached houses houses are smaller than 2 ELLIOTTS LANE, and 45% of houses are larger. Note that EPC data is not available for all properties in Codsall.

2 ELLIOTTS LANE: Plot and Title Map

2 ELLIOTTS LANE sits on a plot of roughly 0.169 of an acre, or 685m². The below map shows the location of 2 ELLIOTTS 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 2 ELLIOTTS 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 2 ELLIOTTS LANE?

2 ELLIOTTS LANE is located in CODSALL, in the WV8 postcode district. The below map shows the position of No. 2 on ELLIOTTS LANE.