28, FURNACE CLOSE, WOMBOURNE, WOLVERHAMPTON, WV5 0PB - £335,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

28 FURNACE CLOSE is a small detached house of 88m², built sometime between 1983 and 1990. It was last sold for £335,000 in April 2022, which was around 15% below the average April 2022 detached price in the South Staffordshire local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

28 FURNACE CLOSE Sold Prices

Land registry data shows three sales for 28 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 28 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
2022 20 APR	£335,000	£392,940	15% below HPI
2017 16 AUG	£240,500	£310,269	22% below HPI
2006 2 AUG	£212,000	£255,437	17% below HPI

28 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 28 FURNACE CLOSE sales between August 2006 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 August 2017 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the April 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 28 FURNACE CLOSE?

28 FURNACE CLOSE is 88m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% of detached houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses by size in Wombourne, and where 28 FURNACE CLOSE lies on this distribution: 23% of detached houses are smaller than 28 FURNACE CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

28 FURNACE CLOSE: Plot and Title Map

28 FURNACE CLOSE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 28 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 28 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 28 FURNACE CLOSE?

28 FURNACE CLOSE is located in WOMBOURNE, in the WV5 postcode district. The below map shows the position of No. 28 on FURNACE CLOSE.