2, LIGHTWOODS ROAD, STOURBRIDGE, DY9 0TW - £275,000

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 LIGHTWOODS ROAD is a very small detached house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £372,413. It was last sold for £275,000 in November 2018, which was around 7% above the average November 2018 detached price in the Dudley local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

2 LIGHTWOODS ROAD Sold Prices

Land registry data shows two sales for 2 LIGHTWOODS 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 Dudley local authority area for the corresponding sale date. Both of the two 2 LIGHTWOODS ROAD 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
2018 23 NOV	£275,000	£257,312	7% above HPI
2016 27 MAY	£275,000	£222,637	24% above HPI

2 LIGHTWOODS ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The two 2 LIGHTWOODS ROAD sales from May 2016 and November 2018 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 2016 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the November 2018 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 2 LIGHTWOODS ROAD be worth now?

2 LIGHTWOODS ROAD might now be worth an estimated £372,413.

This is based on house price inflation of 35.4%, between November 2018 and February 2025, for detached houses, in the Dudley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.4% inflationary increase is applied to the most recent sale price for 2 LIGHTWOODS ROAD of £275,000 on 23rd November 2018. For the value to have increased from £275,000 to £372,413 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 LIGHTWOODS ROAD has moved in line with the HPI for detached houses in the Dudley local authority area.
• The November 2018 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LIGHTWOODS ROAD has not materially changed since November 2018.

How Large is 2 LIGHTWOODS ROAD?

2 LIGHTWOODS ROAD is 77m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 10% of detached houses houses in Stourbridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stourbridge, and where 2 LIGHTWOODS ROAD lies on this distribution: 10% of detached houses houses are smaller than 2 LIGHTWOODS ROAD, and 89% of houses are larger. Note that EPC data is not available for all properties in Stourbridge.

2 LIGHTWOODS ROAD: Plot and Title Map

2 LIGHTWOODS ROAD sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 2 LIGHTWOODS 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 LIGHTWOODS 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 LIGHTWOODS ROAD?

2 LIGHTWOODS ROAD is located in STOURBRIDGE, in the DY9 postcode district. The below map shows the position of No. 2 on LIGHTWOODS ROAD.