38, HOUGH WAY, ESSINGTON, WOLVERHAMPTON, WV11 2BR - £295,000

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

38 HOUGH WAY is a very large detached house of 166m², built sometime between 2003 and 2006. It was last sold for £295,000 in June 2015, which was around 9% above the average June 2015 detached price in the South Staffordshire local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was B.

38 HOUGH WAY Sold Prices

Land registry data shows three sales for 38 HOUGH WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. All of the three 38 HOUGH WAY sales were 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 3 JUN	£295,000	£271,226	9% above HPI
2014 26 SEP	£313,000	£262,562	19% above HPI
2007 5 OCT	£356,950	£272,829	31% above HPI

38 HOUGH WAY 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 three 38 HOUGH WAY sales between October 2007 and June 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 September 2014 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the June 2015 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 38 HOUGH WAY?

38 HOUGH WAY is 166m² according to the EPC inspection conducted in February 2013. This puts it in the largest 10% of detached houses in Essington, based on EPC data. The below chart shows the distribution of detached houses by size in Essington, and where 38 HOUGH WAY lies on this distribution: 91% of detached houses are smaller than 38 HOUGH WAY, and 9% of houses are larger. Note that EPC data is not available for all properties in Essington.

38 HOUGH WAY: Plot and Title Map

38 HOUGH WAY sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 38 HOUGH WAY, 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 HOUGH WAY). 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 HOUGH WAY?

38 HOUGH WAY is located in ESSINGTON, in the WV11 postcode district. The below map shows the position of No. 38 on HOUGH WAY.