38B, REDHOUSE ROAD, WOLVERHAMPTON, WV6 8ST - £405,000

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

38B REDHOUSE ROAD is a small detached house of 95m², built sometime between 1983 and 1990. It was last sold for £405,000 in March 2024, which was around 27% above the average March 2024 detached price in the Wolverhampton local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

38B REDHOUSE ROAD Sold Prices

Land registry data shows two sales for 38B REDHOUSE ROAD 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 38B REDHOUSE ROAD 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
2024 11 MAR	£405,000	£318,358	27% above HPI
2018 22 NOV	£337,500	£240,786	40% above HPI

38B REDHOUSE ROAD 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 38B REDHOUSE ROAD sales from November 2018 and March 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 November 2018 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the March 2024 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 38B REDHOUSE ROAD?

38B REDHOUSE ROAD is 95m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 40% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 38B REDHOUSE ROAD lies on this distribution: 35% of detached houses are smaller than 38B REDHOUSE ROAD, and 64% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

38B REDHOUSE ROAD: Plot and Title Map

38B REDHOUSE ROAD sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 38B REDHOUSE ROAD, 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 38B REDHOUSE ROAD). 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 38B REDHOUSE ROAD?

38B REDHOUSE ROAD is located in WOLVERHAMPTON, in the WV6 postcode district. The below map shows the position of No. 38B on REDHOUSE ROAD.