3, NEW STREET, MERRY HILL, WOLVERHAMPTON, WV3 7NW - £190,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 NEW STREET is a small detached house of 96m², built sometime between 1900 and 1929. It was last sold for £190,000 in August 2015, which was around 4% below the average August 2015 detached price in the Wolverhampton local authority area. The most recent EPC inspection was June 2013, where the current energy rating was E, and the potential energy rating was B.

3 NEW STREET Sold Prices

Land registry data shows five sales for 3 NEW STREET since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. Most of the five 3 NEW STREET 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
2015 7 AUG	£190,000	£197,203	4% below HPI
2009 24 APR	£143,500	£179,391	20% below HPI
2007 13 JUN	£245,000	£203,688	20% above HPI
2004 30 JUL	£75,000	£170,734	56% below HPI
1995 22 DEC	£55,000	£67,279	18% below HPI

3 NEW STREET 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 five 3 NEW STREET sales between December 1995 and August 2015 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 April 2009 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2015 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 3 NEW STREET?

3 NEW STREET is 96m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 40% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 3 NEW STREET lies on this distribution: 36% of detached houses are smaller than 3 NEW STREET, and 63% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

3 NEW STREET: Plot and Title Map

3 NEW STREET sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 3 NEW STREET, 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 NEW STREET). 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 NEW STREET?

3 NEW STREET is located in MERRY HILL, in the WV3 postcode district. The below map shows the position of No. 3 on NEW STREET.