38, PARK ROAD EAST, WOLVERHAMPTON, WV1 4PZ - £397,500

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

38 PARK ROAD EAST is a very large detached house of 334m², built sometime before 1900. It was last sold for £397,500 in July 2023, which was around 23% above the average July 2023 detached price in the Wolverhampton local authority area. The most recent EPC inspection was November 2018, where the current energy rating was E, and the potential energy rating was B.

38 PARK ROAD EAST Sold Prices

Land registry data shows three sales for 38 PARK ROAD EAST 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 38 PARK ROAD EAST 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
2023 17 JUL	£397,500	£322,195	23% above HPI
2023 19 MAY	£408,000	£317,858	28% above HPI
2019 20 FEB	£405,000	£244,344	66% above HPI

38 PARK ROAD EAST 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 38 PARK ROAD EAST sales between February 2019 and July 2023 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 May 2023 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the July 2023 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 38 PARK ROAD EAST?

38 PARK ROAD EAST is 334m² according to the EPC inspection conducted in November 2018. This puts it in the largest 10% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 38 PARK ROAD EAST lies on this distribution: 99% of detached houses are smaller than 38 PARK ROAD EAST, and 1% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

38 PARK ROAD EAST: Plot and Title Map

38 PARK ROAD EAST sits on a plot of roughly 0.167 of an acre, or 676m². The below map shows the location of 38 PARK ROAD EAST, 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 PARK ROAD EAST). 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 PARK ROAD EAST?

38 PARK ROAD EAST is located in WOLVERHAMPTON, in the WV1 postcode district. The below map shows the position of No. 38 on PARK ROAD EAST.