2, RICHARD PLACE, WALSALL, WS5 3QP - £115,000

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 RICHARD PLACE is a very small extended detached house of 90m², built sometime between 1950 and 1966. It was last sold for £115,000 in June 1997, which was around 41% above the average June 1997 detached price in the Walsall local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was D.

2 RICHARD PLACE Sold Prices

Land registry data shows two sales for 2 RICHARD PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Walsall local authority area for the corresponding sale date. Both of the two 2 RICHARD PLACE 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
1997 9 JUN	£115,000	£81,566	41% above HPI
1996 27 AUG	£87,500	£80,974	8% above HPI

2 RICHARD PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Walsall local authority area over time, sourced from the HPI. The two 2 RICHARD PLACE sales from August 1996 and June 1997 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 August 1996 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the June 1997 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is 2 RICHARD PLACE?

2 RICHARD PLACE is 90m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 20% of detached houses in Walsall, based on EPC data. The below chart shows the distribution of detached houses by size in Walsall, and where 2 RICHARD PLACE lies on this distribution: 11% of detached houses are smaller than 2 RICHARD PLACE, and 88% of houses are larger. Note that EPC data is not available for all properties in Walsall.

2 RICHARD PLACE: Plot and Title Map

2 RICHARD PLACE sits on a plot of roughly 0.160 of an acre, or 646m². The below map shows the location of 2 RICHARD PLACE, 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 RICHARD PLACE). 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 RICHARD PLACE?

2 RICHARD PLACE is located in WALSALL, in the WS5 postcode district. The below map shows the position of No. 2 on RICHARD PLACE.