24, GROVE LANE, WOLVERHAMPTON, WV6 8NJ - £435,000

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

24 GROVE LANE is a very large detached house of 216m², built sometime between 1967 and 1975. It was last sold for £435,000 in July 2020, which was around 72% above the average July 2020 detached price in the Wolverhampton local authority area. The most recent EPC inspection was September 2012, where the current energy rating was E, and the potential energy rating was C.

24 GROVE LANE Sold Prices

Land registry data shows four sales for 24 GROVE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. All of the four 24 GROVE LANE 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
2020 17 JUL	£435,000	£252,746	72% above HPI
2015 26 JUN	£380,000	£196,524	93% above HPI
2001 17 SEP	£205,000	£103,042	99% above HPI
1997 31 OCT	£125,000	£75,701	65% above HPI

24 GROVE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wolverhampton local authority area over time, sourced from the HPI. The four 24 GROVE LANE sales between October 1997 and July 2020 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 June 2015 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the July 2020 sale, where it falls to 72% above the HPI. The line then continues to track at 72% above the HPI.

How Large is 24 GROVE LANE?

24 GROVE LANE is 216m² according to the EPC inspection conducted in September 2012. This puts it in the largest 10% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 24 GROVE LANE lies on this distribution: 94% of detached houses are smaller than 24 GROVE LANE, and 6% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

24 GROVE LANE: Plot and Title Map

24 GROVE LANE sits on a plot of roughly 0.374 of an acre, or 1,513m². The below map shows the location of 24 GROVE LANE, 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 24 GROVE LANE). 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 24 GROVE LANE?

24 GROVE LANE is located in WOLVERHAMPTON, in the WV6 postcode district. The below map shows the position of No. 24 on GROVE LANE.