24, REDWOOD WAY, WILLENHALL, WV12 5YL - £129,995

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

24 REDWOOD WAY is a very small semi-detached house of 58m², built sometime between 1976 and 1982. It was last sold for £129,995 in July 2014, which was around 32% below the average July 2014 detached price in the Wolverhampton local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

24 REDWOOD WAY Sold Prices

Land registry data shows four sales for 24 REDWOOD WAY 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 REDWOOD 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
2014 28 JUL	£129,995	£191,361	32% below HPI
2006 30 NOV	£132,000	£200,871	34% below HPI
2005 7 OCT	£128,000	£195,128	34% below HPI
2003 11 APR	£82,000	£144,057	43% below HPI

24 REDWOOD WAY 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 REDWOOD WAY sales between April 2003 and July 2014 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 November 2006 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the July 2014 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 24 REDWOOD WAY?

24 REDWOOD WAY is 58m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 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 REDWOOD WAY lies on this distribution: 2% of detached houses are smaller than 24 REDWOOD WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

24 REDWOOD WAY: Plot and Title Map

24 REDWOOD WAY sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 24 REDWOOD 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 24 REDWOOD 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 24 REDWOOD WAY?

24 REDWOOD WAY is located in WILLENHALL, in the WV12 postcode district. The below map shows the position of No. 24 on REDWOOD WAY.