2, WEDGWOOD CLOSE, WOMBOURNE, WOLVERHAMPTON, WV5 8EL - £420,000

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 WEDGWOOD CLOSE is a very large detached house of 148m², built sometime between 1996 and 2002, which could now be worth an estimated £483,467. It was last sold for £420,000 in September 2021, which was around 12% above the average September 2021 detached price in the South Staffordshire local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was C.

2 WEDGWOOD CLOSE Sold Prices

Land registry data shows three sales for 2 WEDGWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. All of the three 2 WEDGWOOD CLOSE 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
2021 21 SEP	£420,000	£374,690	12% above HPI
2014 19 DEC	£320,000	£269,837	19% above HPI
2004 28 MAY	£285,000	£218,058	31% above HPI

2 WEDGWOOD CLOSE 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 three 2 WEDGWOOD CLOSE sales between May 2004 and September 2021 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 December 2014 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2021 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 2 WEDGWOOD CLOSE be worth now?

2 WEDGWOOD CLOSE might now be worth an estimated £483,467.

This is based on house price inflation of 15.1%, between September 2021 and February 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 15.1% inflationary increase is applied to the most recent sale price for 2 WEDGWOOD CLOSE of £420,000 on 21st September 2021. For the value to have increased from £420,000 to £483,467 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 WEDGWOOD CLOSE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The September 2021 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WEDGWOOD CLOSE has not materially changed since September 2021.

How Large is 2 WEDGWOOD CLOSE?

2 WEDGWOOD CLOSE is 148m² according to the EPC inspection conducted in September 2014. This puts it in the largest 20% of detached houses houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wombourne, and where 2 WEDGWOOD CLOSE lies on this distribution: 82% of detached houses houses are smaller than 2 WEDGWOOD CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

2 WEDGWOOD CLOSE: Plot and Title Map

2 WEDGWOOD CLOSE sits on a plot of roughly 0.086 of an acre, or 350m². The below map shows the location of 2 WEDGWOOD CLOSE, 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 WEDGWOOD CLOSE). 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 WEDGWOOD CLOSE?

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