38, THE BROADWAY, WOMBOURNE, WOLVERHAMPTON, WV5 0HY - £340,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

38 THE BROADWAY is a large extended detached house of 122m², built sometime between 1967 and 1975. It was last sold for £340,000 in April 2024, which was around 19% below the average April 2024 detached price in the South Staffordshire local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

38 THE BROADWAY Sold Prices

Land registry data shows two sales for 38 THE BROADWAY 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. Both of the two 38 THE BROADWAY 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
2024 26 APR	£340,000	£417,415	19% below HPI
2019 31 MAY	£232,000	£311,480	26% below HPI

38 THE BROADWAY 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 38 THE BROADWAY sales from May 2019 and April 2024 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 2019 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the April 2024 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 38 THE BROADWAY?

38 THE BROADWAY is 122m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the largest 40% of detached houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses by size in Wombourne, and where 38 THE BROADWAY lies on this distribution: 64% of detached houses are smaller than 38 THE BROADWAY, and 35% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

38 THE BROADWAY: Plot and Title Map

38 THE BROADWAY sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 38 THE BROADWAY, 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 THE BROADWAY). 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 THE BROADWAY?

38 THE BROADWAY is located in WOMBOURNE, in the WV5 postcode district. The below map shows the position of No. 38 on THE BROADWAY.