3, COVEN MILL CLOSE, COVEN, WOLVERHAMPTON, WV9 5HX - £475,000

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.

3 COVEN MILL CLOSE is a small detached house of 88m², built sometime between 1996 and 2002, which could now be worth an estimated £520,810. It was last sold for £475,000 in March 2022, which was around 21% above the average March 2022 detached price in the South Staffordshire local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was C.

3 COVEN MILL CLOSE Sold Prices

Land registry data shows three sales for 3 COVEN MILL 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 3 COVEN MILL CLOSE sales were for above 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 29 MAR	£475,000	£393,372	21% above HPI
2021 22 JAN	£450,000	£364,100	24% above HPI
1998 29 MAY	£167,950	£100,433	67% above HPI

3 COVEN MILL 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 3 COVEN MILL CLOSE sales between May 1998 and March 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 January 2021 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the March 2022 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 3 COVEN MILL CLOSE be worth now?

3 COVEN MILL CLOSE might now be worth an estimated £520,810.

This is based on house price inflation of 9.6%, between March 2022 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 9.6% inflationary increase is applied to the most recent sale price for 3 COVEN MILL CLOSE of £475,000 on 29th March 2022. For the value to have increased from £475,000 to £520,810 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 3 COVEN MILL CLOSE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The March 2022 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 3 COVEN MILL CLOSE has not materially changed since March 2022.

How Large is 3 COVEN MILL CLOSE?

3 COVEN MILL CLOSE is 88m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 40% of detached houses houses in Coven, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coven, and where 3 COVEN MILL CLOSE lies on this distribution: 30% of detached houses houses are smaller than 3 COVEN MILL CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Coven.

3 COVEN MILL CLOSE: Plot and Title Map

3 COVEN MILL CLOSE sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of 3 COVEN MILL 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 3 COVEN MILL 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 3 COVEN MILL CLOSE?

3 COVEN MILL CLOSE is located in COVEN, in the WV9 postcode district. The below map shows the position of No. 3 on COVEN MILL CLOSE.