24, WOOD LANE, WOLVERHAMPTON, WV10 8HQ - £120,000

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.

24 WOOD LANE is a very small detached house of 60m², built sometime between 1983 and 1990, which could now be worth an estimated £138,446. It was last sold for £120,000 in October 2021, which was around 57% below the average October 2021 detached price in the Wolverhampton local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

24 WOOD LANE Sold Prices

Land registry data shows two sales for 24 WOOD 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 WOOD LANE 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
2021 1 OCT	£120,000	£277,523	57% below HPI
2002 8 MAR	£50,000	£107,568	54% below HPI

24 WOOD 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 WOOD LANE sales from March 2002 and October 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 March 2002 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the October 2021 sale, where it falls to 57% below the HPI. The line then continues to track at 57% below the HPI.

What might 24 WOOD LANE be worth now?

24 WOOD LANE might now be worth an estimated £138,446.

This is based on house price inflation of 15.4%, between October 2021 and June 2025, for detached houses, in the Wolverhampton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.4% inflationary increase is applied to the most recent sale price for 24 WOOD LANE of £120,000 on 1st October 2021. For the value to have increased from £120,000 to £138,446 over the four years and four months to June 2025, the following assumptions must hold true:

• The value of 24 WOOD LANE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The October 2021 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 24 WOOD LANE has not materially changed since October 2021.

How Large is 24 WOOD LANE?

24 WOOD LANE is 60m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 10% of detached houses houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wolverhampton, and where 24 WOOD LANE lies on this distribution: 3% of detached houses houses are smaller than 24 WOOD LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

24 WOOD LANE: Plot and Title Map

24 WOOD LANE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 24 WOOD 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 WOOD 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 WOOD LANE?

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