243, PENN ROAD, WOLVERHAMPTON, WV4 5TZ - £107,500

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

243 PENN ROAD is a very small detached house of 78m², built sometime between 1950 and 1966. It was last sold for £107,500 in October 2002, which was around 19% below the average October 2002 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.

243 PENN ROAD Sold Prices

Land registry data shows two sales for 243 PENN ROAD 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 243 PENN ROAD 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
2002 31 OCT	£107,500	£132,959	19% below HPI
2000 11 MAY	£53,000	£88,227	40% below HPI

243 PENN ROAD 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 243 PENN ROAD sales from May 2000 and October 2002 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 May 2000 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the October 2002 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 243 PENN ROAD?

243 PENN ROAD is 78m² according to the EPC inspection conducted in March 2020. 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 243 PENN ROAD lies on this distribution: 16% of detached houses are smaller than 243 PENN ROAD, and 83% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

243 PENN ROAD: Plot and Title Map

243 PENN ROAD sits on a plot of roughly 0.118 of an acre, or 479m². The below map shows the location of 243 PENN ROAD, 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 243 PENN ROAD). 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 243 PENN ROAD?

243 PENN ROAD is located in WOLVERHAMPTON, in the WV4 postcode district. The below map shows the position of No. 243 on PENN ROAD.