31, PARK LANE, WOLVERHAMPTON, WV10 9QE - £177,500

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

31 PARK LANE is a large extended detached house of 119m², built sometime between 1900 and 1929. It was last sold for £177,500 in November 2021, which was around 38% below the average November 2021 detached price in the Wolverhampton local authority area. The most recent EPC inspection was September 2024, where the current energy rating was D, and the potential energy rating was B.

31 PARK LANE Sold Prices

Land registry data shows two sales for 31 PARK LANE 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 31 PARK LANE 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
2021 12 NOV	£177,500	£285,605	38% below HPI
2015 17 APR	£100,000	£194,482	49% below HPI

31 PARK LANE 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 31 PARK LANE sales from April 2015 and November 2021 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 2015 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the November 2021 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 31 PARK LANE?

31 PARK LANE is 119m², which includes one extension, according to the EPC inspection conducted in September 2024. This puts it in the largest 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 31 PARK LANE lies on this distribution: 62% of detached houses are smaller than 31 PARK LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

31 PARK LANE: Plot and Title Map

31 PARK LANE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 31 PARK LANE, 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 31 PARK LANE). 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 31 PARK LANE?

31 PARK LANE is located in WOLVERHAMPTON, in the WV10 postcode district. The below map shows the position of No. 31 on PARK LANE.