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

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 WOOD LANE is a very small detached house of 60m², built sometime between 1983 and 1990. It was last sold for £120,000 in October 2021, which was around 58% 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	£284,963	58% below HPI
2002 8 MAR	£50,000	£110,452	55% 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 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the October 2021 sale, where it falls to 58% below the HPI. The line then continues to track at 58% below the HPI.

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 in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 24 WOOD LANE lies on this distribution: 3% of detached 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.