2A, MILL LANE, WEDNESFIELD, WOLVERHAMPTON, WV11 1DG - £215,000

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

2A MILL LANE is a very small detached house of 77m², built sometime between 1950 and 1966. It was last sold for £215,000 in November 2021, which was around 25% below the average November 2021 detached price in the Wolverhampton local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

2A MILL LANE Sold Prices

Land registry data shows four sales for 2A MILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. All of the four 2A MILL 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 19 NOV	£215,000	£285,605	25% below HPI
2020 21 FEB	£194,000	£254,866	24% below HPI
2015 14 DEC	£145,000	£200,646	28% below HPI
2002 8 NOV	£100,000	£134,347	26% below HPI

2A MILL 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 four 2A MILL LANE sales between November 2002 and November 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 February 2020 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2A MILL LANE?

2A MILL LANE is 77m² according to the EPC inspection conducted in June 2021. 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 2A MILL LANE lies on this distribution: 15% of detached houses are smaller than 2A MILL LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

2A MILL LANE: Plot and Title Map

2A MILL LANE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 2A MILL 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 2A MILL 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 2A MILL LANE?

2A MILL LANE is located in WEDNESFIELD, in the WV11 postcode district. The below map shows the position of No. 2A on MILL LANE.