3, ELVIRON DRIVE, WOLVERHAMPTON, WV6 8SZ - £387,500

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 ELVIRON DRIVE is a large extended detached house of 126m², built sometime between 1967 and 1975, which could now be worth an estimated £551,246. It was last sold for £387,500 in November 2018, which was around 65% above the average November 2018 detached price in the Wolverhampton local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

3 ELVIRON DRIVE Sold Prices

Land registry data shows two sales for 3 ELVIRON DRIVE 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 3 ELVIRON DRIVE 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
2018 28 NOV	£387,500	£234,500	65% above HPI
2000 14 JUL	£137,000	£88,365	55% above HPI

3 ELVIRON DRIVE 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 3 ELVIRON DRIVE sales from July 2000 and November 2018 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 July 2000 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the November 2018 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might 3 ELVIRON DRIVE be worth now?

3 ELVIRON DRIVE might now be worth an estimated £551,246.

This is based on house price inflation of 42.3%, between November 2018 and February 2025, for detached houses, in the Wolverhampton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.3% inflationary increase is applied to the most recent sale price for 3 ELVIRON DRIVE of £387,500 on 28th November 2018. For the value to have increased from £387,500 to £551,246 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 ELVIRON DRIVE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The November 2018 sale price of £387,500 represented a fair market value for the property.
• The size, condition, and specification of 3 ELVIRON DRIVE has not materially changed since November 2018.

How Large is 3 ELVIRON DRIVE?

3 ELVIRON DRIVE is 126m², which includes two extensions, according to the EPC inspection conducted in April 2014. This puts it in the largest 40% of detached houses houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wolverhampton, and where 3 ELVIRON DRIVE lies on this distribution: 67% of detached houses houses are smaller than 3 ELVIRON DRIVE, and 32% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

3 ELVIRON DRIVE: Plot and Title Map

3 ELVIRON DRIVE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 3 ELVIRON DRIVE, 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 ELVIRON DRIVE). 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 ELVIRON DRIVE?

3 ELVIRON DRIVE is located in WOLVERHAMPTON, in the WV6 postcode district. The below map shows the position of No. 3 on ELVIRON DRIVE.