23, FORGE VALLEY WAY, WOMBOURNE, WOLVERHAMPTON, WV5 8JP - £230,000

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

23 FORGE VALLEY WAY is a small extended detached house of 102m², built sometime between 1976 and 1982. It was last sold for £230,000 in September 2019, which was around 30% below the average September 2019 detached price in the South Staffordshire local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

23 FORGE VALLEY WAY Sold Prices

Land registry data shows three sales for 23 FORGE VALLEY WAY 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 23 FORGE VALLEY WAY sales were for below 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
2019 23 SEP	£230,000	£328,152	30% below HPI
2004 1 OCT	£145,000	£239,256	39% below HPI
1999 8 OCT	£78,000	£111,475	30% below HPI

23 FORGE VALLEY 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 three 23 FORGE VALLEY WAY sales between October 1999 and September 2019 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 October 2004 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the September 2019 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 23 FORGE VALLEY WAY?

23 FORGE VALLEY WAY is 102m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the smallest 40% of detached houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses by size in Wombourne, and where 23 FORGE VALLEY WAY lies on this distribution: 40% of detached houses are smaller than 23 FORGE VALLEY WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

23 FORGE VALLEY WAY: Plot and Title Map

23 FORGE VALLEY WAY sits on a plot of roughly 0.043 of an acre, or 172m². The below map shows the location of 23 FORGE VALLEY 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 23 FORGE VALLEY 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 23 FORGE VALLEY WAY?

23 FORGE VALLEY WAY is located in WOMBOURNE, in the WV5 postcode district. The below map shows the position of No. 23 on FORGE VALLEY WAY.