27, FURNACE CLOSE, WOMBOURNE, WOLVERHAMPTON, WV5 0PB - £172,000

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.

27 FURNACE CLOSE is a very small detached house of 75m², built sometime between 1983 and 1990, which could now be worth an estimated £278,806. It was last sold for £172,000 in October 2014, which was around 35% below the average October 2014 detached price in the South Staffordshire local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

27 FURNACE CLOSE Sold Prices

Land registry data shows three sales for 27 FURNACE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. All of the three 27 FURNACE CLOSE 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 24 OCT	£172,000	£266,082	35% below HPI
2002 7 NOV	£117,500	£184,140	36% below HPI
2000 1 JUN	£82,500	£129,539	36% below HPI

27 FURNACE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Staffordshire local authority area over time, sourced from the HPI. The three 27 FURNACE CLOSE sales between June 2000 and October 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 2002 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the October 2014 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 27 FURNACE CLOSE be worth now?

27 FURNACE CLOSE might now be worth an estimated £278,806.

This is based on house price inflation of 62.1%, between October 2014 and February 2025, for detached houses, in the South Staffordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 62.1% inflationary increase is applied to the most recent sale price for 27 FURNACE CLOSE of £172,000 on 24th October 2014. For the value to have increased from £172,000 to £278,806 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of 27 FURNACE CLOSE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The October 2014 sale price of £172,000 represented a fair market value for the property.
• The size, condition, and specification of 27 FURNACE CLOSE has not materially changed since October 2014.

How Large is 27 FURNACE CLOSE?

27 FURNACE CLOSE is 75m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of detached houses houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wombourne, and where 27 FURNACE CLOSE lies on this distribution: 11% of detached houses houses are smaller than 27 FURNACE CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

27 FURNACE CLOSE: Plot and Title Map

27 FURNACE CLOSE sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 27 FURNACE CLOSE, 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 27 FURNACE CLOSE). 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 27 FURNACE CLOSE?

27 FURNACE CLOSE is located in WOMBOURNE, in the WV5 postcode district. The below map shows the position of No. 27 on FURNACE CLOSE.