3, PENKSIDE, COVEN, WOLVERHAMPTON, WV9 5BL - £275,000

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 PENKSIDE is a midsized detached house of 122m², built sometime between 2003 and 2006, which could now be worth an estimated £461,709. It was last sold for £275,000 in August 2006, which was around 7% above the average August 2006 detached price in the South Staffordshire local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was B.

3 PENKSIDE Sold Prices

Land registry data shows two sales for 3 PENKSIDE 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 PENKSIDE 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
2006 18 AUG	£275,000	£256,894	7% above HPI
2003 24 OCT	£264,950	£211,652	25% above HPI

3 PENKSIDE 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 PENKSIDE sales from October 2003 and August 2006 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 2003 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2006 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 3 PENKSIDE be worth now?

3 PENKSIDE might now be worth an estimated £461,709.

This is based on house price inflation of 67.9%, between August 2006 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 67.9% inflationary increase is applied to the most recent sale price for 3 PENKSIDE of £275,000 on 18th August 2006. For the value to have increased from £275,000 to £461,709 over the nineteen years and six months to February 2025, the following assumptions must hold true:

• The value of 3 PENKSIDE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The August 2006 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PENKSIDE has not materially changed since August 2006.

How Large is 3 PENKSIDE?

3 PENKSIDE is 122m² according to the EPC inspection conducted in October 2012. This puts it in the largest 50% 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 PENKSIDE lies on this distribution: 56% of detached houses houses are smaller than 3 PENKSIDE, and 43% of houses are larger. Note that EPC data is not available for all properties in Coven.

3 PENKSIDE: Plot and Title Map

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

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