3, RODWAY CLOSE, WOLVERHAMPTON, WV4 6AX - £182,000

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 RODWAY CLOSE is a midsized detached house of 107m², built sometime between 1967 and 1975, which could now be worth an estimated £284,939. It was last sold for £182,000 in September 2016, which was around 15% below the average September 2016 detached price in the Wolverhampton local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

3 RODWAY CLOSE Sold Prices

Land registry data shows two sales for 3 RODWAY 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 Wolverhampton local authority area for the corresponding sale date. Both of the two 3 RODWAY 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
2016 16 SEP	£182,000	£213,077	15% below HPI
2005 6 MAY	£90,000	£173,778	48% below HPI

3 RODWAY 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 two 3 RODWAY CLOSE sales from May 2005 and September 2016 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 2005 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the September 2016 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 3 RODWAY CLOSE be worth now?

3 RODWAY CLOSE might now be worth an estimated £284,939.

This is based on house price inflation of 56.6%, between September 2016 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 56.6% inflationary increase is applied to the most recent sale price for 3 RODWAY CLOSE of £182,000 on 16th September 2016. For the value to have increased from £182,000 to £284,939 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 RODWAY CLOSE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The September 2016 sale price of £182,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RODWAY CLOSE has not materially changed since September 2016.

How Large is 3 RODWAY CLOSE?

3 RODWAY CLOSE is 107m² according to the EPC inspection conducted in March 2011. This puts it in the largest 50% 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 RODWAY CLOSE lies on this distribution: 50% of detached houses houses are smaller than 3 RODWAY CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

3 RODWAY CLOSE: Plot and Title Map

3 RODWAY CLOSE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 3 RODWAY 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 RODWAY 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 RODWAY CLOSE?

3 RODWAY CLOSE is located in WOLVERHAMPTON, in the WV4 postcode district. The below map shows the position of No. 3 on RODWAY CLOSE.