3, NEEDWOOD CLOSE, WOLVERHAMPTON, WV2 4PP - £285,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 NEEDWOOD CLOSE is a very large extended detached house of 154m², built sometime between 1950 and 1966, which could now be worth an estimated £380,274. It was last sold for £285,000 in June 2020, which was around 17% above the average June 2020 detached price in the Wolverhampton local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

3 NEEDWOOD CLOSE Sold Prices

Land registry data shows three sales for 3 NEEDWOOD 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 Wolverhampton local authority area for the corresponding sale date. One of the three 3 NEEDWOOD CLOSE sales was for above the average price, whilst two 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
2020 26 JUN	£285,000	£244,181	17% above HPI
2004 28 MAY	£143,000	£160,620	11% below HPI
1996 16 DEC	£62,500	£69,209	10% below HPI

3 NEEDWOOD CLOSE 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 three 3 NEEDWOOD CLOSE sales between December 1996 and June 2020 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 May 2004 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2020 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 3 NEEDWOOD CLOSE be worth now?

3 NEEDWOOD CLOSE might now be worth an estimated £380,274.

This is based on house price inflation of 33.4%, between June 2020 and December 2024, 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 33.4% inflationary increase is applied to the most recent sale price for 3 NEEDWOOD CLOSE of £285,000 on 26th June 2020. For the value to have increased from £285,000 to £380,274 over the three years and six months to December 2024, the following assumptions must hold true:

• The value of 3 NEEDWOOD CLOSE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The June 2020 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 3 NEEDWOOD CLOSE has not materially changed since June 2020.

How Large is 3 NEEDWOOD CLOSE?

3 NEEDWOOD CLOSE is 154m², which includes two extensions, according to the EPC inspection conducted in November 2019. This puts it in the largest 20% 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 NEEDWOOD CLOSE lies on this distribution: 81% of detached houses houses are smaller than 3 NEEDWOOD CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

3 NEEDWOOD CLOSE: Plot and Title Map

3 NEEDWOOD CLOSE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 3 NEEDWOOD 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 NEEDWOOD 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 NEEDWOOD CLOSE?

3 NEEDWOOD CLOSE is located in WOLVERHAMPTON, in the WV2 postcode district. The below map shows the position of No. 3 on NEEDWOOD CLOSE.