34, MARNEL DRIVE, WOLVERHAMPTON, WV3 7JH - £123,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

34 MARNEL DRIVE is a very small extended detached house of 79m², built sometime between 1967 and 1975. It was last sold for £123,000 in March 2012, which was around 33% below the average March 2012 detached price in the Wolverhampton local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

34 MARNEL DRIVE Sold Prices

Land registry data shows three sales for 34 MARNEL DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. All of the three 34 MARNEL DRIVE 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
2012 15 MAR	£123,000	£182,678	33% below HPI
2001 7 SEP	£89,500	£103,042	13% below HPI
1996 26 JUL	£58,000	£67,134	14% below HPI

34 MARNEL DRIVE 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 three 34 MARNEL DRIVE sales between July 1996 and March 2012 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 September 2001 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the March 2012 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 34 MARNEL DRIVE?

34 MARNEL DRIVE is 79m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 34 MARNEL DRIVE lies on this distribution: 17% of detached houses are smaller than 34 MARNEL DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

34 MARNEL DRIVE: Plot and Title Map

34 MARNEL DRIVE sits on a plot of roughly 0.043 of an acre, or 174m². The below map shows the location of 34 MARNEL DRIVE, 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 34 MARNEL DRIVE). 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 34 MARNEL DRIVE?

34 MARNEL DRIVE is located in WOLVERHAMPTON, in the WV3 postcode district. The below map shows the position of No. 34 on MARNEL DRIVE.