24, SPRINGFIELD LANE, WOLVERHAMPTON, WV10 6PX - £352,500

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 SPRINGFIELD LANE is a very small detached house of 81m², built sometime between 1930 and 1949. It was last sold for £352,500 in April 2022, which was around 15% above the average April 2022 detached price in the Wolverhampton local authority area. The most recent EPC inspection was June 2016, where the current energy rating was E, and the potential energy rating was C.

24 SPRINGFIELD LANE Sold Prices

Land registry data shows two sales for 24 SPRINGFIELD LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. Both of the two 24 SPRINGFIELD 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
2022 19 APR	£352,500	£307,791	15% above HPI
2005 1 FEB	£212,000	£182,660	16% above HPI

24 SPRINGFIELD 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 two 24 SPRINGFIELD LANE sales from February 2005 and April 2022 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 February 2005 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the April 2022 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 24 SPRINGFIELD LANE?

24 SPRINGFIELD LANE is 81m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 20% 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 SPRINGFIELD LANE lies on this distribution: 19% of detached houses are smaller than 24 SPRINGFIELD LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

24 SPRINGFIELD LANE: Plot and Title Map

24 SPRINGFIELD LANE sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of 24 SPRINGFIELD 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 SPRINGFIELD 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 SPRINGFIELD LANE?

24 SPRINGFIELD LANE is located in WOLVERHAMPTON, in the WV10 postcode district. The below map shows the position of No. 24 on SPRINGFIELD LANE.