31, SPRINGHILL PARK, WOLVERHAMPTON, WV4 4TS - £280,000

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.

31 SPRINGHILL PARK is a large detached house of 120m², built sometime between 1967 and 1975, which could now be worth an estimated £430,580. It was last sold for £280,000 in November 2015, which was about the average November 2015 detached price in the South Staffordshire local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was B.

31 SPRINGHILL PARK Sold Prices

Land registry data shows two sales for 31 SPRINGHILL PARK 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. One of the two 31 SPRINGHILL PARK sales was roughly equal to the average price, whilst the other was 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
2015 18 NOV	£280,000	£280,475	Close to HPI
2001 16 FEB	£172,000	£130,871	31% above HPI

31 SPRINGHILL PARK 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 31 SPRINGHILL PARK sales from February 2001 and November 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 February 2001 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the November 2015 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 31 SPRINGHILL PARK be worth now?

31 SPRINGHILL PARK might now be worth an estimated £430,580.

This is based on house price inflation of 53.8%, between November 2015 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 53.8% inflationary increase is applied to the most recent sale price for 31 SPRINGHILL PARK of £280,000 on 18th November 2015. For the value to have increased from £280,000 to £430,580 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of 31 SPRINGHILL PARK has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The November 2015 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 31 SPRINGHILL PARK has not materially changed since November 2015.

How Large is 31 SPRINGHILL PARK?

31 SPRINGHILL PARK is 120m² according to the EPC inspection conducted in August 2015. This puts it in the largest 40% 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 31 SPRINGHILL PARK lies on this distribution: 63% of detached houses houses are smaller than 31 SPRINGHILL PARK, and 37% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

31 SPRINGHILL PARK: Plot and Title Map

31 SPRINGHILL PARK sits on a plot of roughly 0.255 of an acre, or 1,030m². The below map shows the location of 31 SPRINGHILL PARK, 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 SPRINGHILL PARK). 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 SPRINGHILL PARK?

31 SPRINGHILL PARK is located in WOLVERHAMPTON, in the WV4 postcode district. The below map shows the position of No. 31 on SPRINGHILL PARK.