3, ORCHARD CLOSE, COVEN, WOLVERHAMPTON, WV9 5AS - £377,000

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

3 ORCHARD CLOSE is a small extended detached house of 105m², built sometime between 1976 and 1982. It was last sold for £377,000 in July 2024, which was around 12% below the average July 2024 detached price in the South Staffordshire local authority area. The most recent EPC inspection was December 2023, where the current energy rating was C, and the potential energy rating was B.

3 ORCHARD CLOSE Sold Prices

Land registry data shows two sales for 3 ORCHARD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. Both of the two 3 ORCHARD CLOSE 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
2024 29 JUL	£377,000	£428,269	12% below HPI
2009 27 OCT	£212,500	£255,803	17% below HPI

3 ORCHARD 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 two 3 ORCHARD CLOSE sales from October 2009 and July 2024 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 October 2009 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2024 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 3 ORCHARD CLOSE?

3 ORCHARD CLOSE is 105m², which includes one extension, according to the EPC inspection conducted in December 2023. This puts it in the smallest 40% of detached houses in Coven, based on EPC data. The below chart shows the distribution of detached houses by size in Coven, and where 3 ORCHARD CLOSE lies on this distribution: 38% of detached houses are smaller than 3 ORCHARD CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Coven.

3 ORCHARD CLOSE: Plot and Title Map

3 ORCHARD CLOSE sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of 3 ORCHARD 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 ORCHARD 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 ORCHARD CLOSE?

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