2, MILLFIELDS WAY, WOMBOURNE, WOLVERHAMPTON, WV5 8HA - £515,000

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

2 MILLFIELDS WAY is a very large extended detached house of 263m², built sometime between 1950 and 1966. It was last sold for £515,000 in September 2017, which was around 66% above the average September 2017 detached price in the South Staffordshire local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

2 MILLFIELDS WAY Sold Prices

Land registry data shows two sales for 2 MILLFIELDS WAY 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 MILLFIELDS WAY 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 29 SEP	£515,000	£310,951	66% above HPI
2011 4 MAY	£305,000	£253,456	20% above HPI

2 MILLFIELDS WAY 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 MILLFIELDS WAY sales from May 2011 and September 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 May 2011 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the September 2017 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

How Large is 2 MILLFIELDS WAY?

2 MILLFIELDS WAY is 263m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the largest 10% 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 MILLFIELDS WAY lies on this distribution: 99% of detached houses are smaller than 2 MILLFIELDS WAY, and 1% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

2 MILLFIELDS WAY: Plot and Title Map

2 MILLFIELDS WAY sits on a plot of roughly 0.151 of an acre, or 609m². The below map shows the location of 2 MILLFIELDS WAY, 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 MILLFIELDS WAY). 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 MILLFIELDS WAY?

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