38, GREENFIELD LANE, WOLVERHAMPTON, WV10 6PQ - £210,000

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.

38 GREENFIELD LANE is a very small detached house of 75m², built sometime between 1976 and 1982, which could now be worth an estimated £275,363. It was last sold for £210,000 in June 2020, which was around 14% below the average June 2020 detached price in the Wolverhampton local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

38 GREENFIELD LANE Sold Prices

Land registry data shows two sales for 38 GREENFIELD 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 38 GREENFIELD 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
2020 5 JUN	£210,000	£244,181	14% below HPI
2016 17 JUN	£152,000	£208,813	27% below HPI

38 GREENFIELD 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 38 GREENFIELD LANE sales from June 2016 and June 2020 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 June 2016 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2020 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 38 GREENFIELD LANE be worth now?

38 GREENFIELD LANE might now be worth an estimated £275,363.

This is based on house price inflation of 31.1%, between June 2020 and June 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 31.1% inflationary increase is applied to the most recent sale price for 38 GREENFIELD LANE of £210,000 on 5th June 2020. For the value to have increased from £210,000 to £275,363 over the five years to June 2025, the following assumptions must hold true:

• The value of 38 GREENFIELD LANE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The June 2020 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 38 GREENFIELD LANE has not materially changed since June 2020.

How Large is 38 GREENFIELD LANE?

38 GREENFIELD LANE is 75m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 20% 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 38 GREENFIELD LANE lies on this distribution: 13% of detached houses houses are smaller than 38 GREENFIELD LANE, and 86% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

38 GREENFIELD LANE: Plot and Title Map

38 GREENFIELD LANE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 38 GREENFIELD 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 38 GREENFIELD 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 38 GREENFIELD LANE?

38 GREENFIELD LANE is located in WOLVERHAMPTON, in the WV10 postcode district. The below map shows the position of No. 38 on GREENFIELD LANE.