45, GROVE LANE, WOLVERHAMPTON, WV6 8NJ - £806,500

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

45 GROVE LANE is a very large detached house of 220m², built sometime between 1983 and 1990. It was last sold for £806,500 in April 2023, which was around 155% above the average April 2023 detached price in the Wolverhampton local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

45 GROVE LANE Sold Prices

Land registry data shows two sales for 45 GROVE 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 45 GROVE LANE 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 28 APR	£806,500	£316,050	155% above HPI
1998 27 FEB	£230,000	£74,416	209% above HPI

45 GROVE 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 45 GROVE LANE sales from February 1998 and April 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 February 1998 sale was for 209% above the HPI. So the extrapolation line tracks at 209% above the HPI over time, until the April 2023 sale, where it falls to 155% above the HPI. The line then continues to track at 155% above the HPI.

How Large is 45 GROVE LANE?

45 GROVE LANE is 220m² according to the EPC inspection conducted in July 2022. 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 45 GROVE LANE lies on this distribution: 95% of detached houses are smaller than 45 GROVE LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

45 GROVE LANE: Plot and Title Map

45 GROVE LANE sits on a plot of roughly 0.287 of an acre, or 1,163m². The below map shows the location of 45 GROVE 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 45 GROVE 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 45 GROVE LANE?

45 GROVE LANE is located in WOLVERHAMPTON, in the WV6 postcode district. The below map shows the position of No. 45 on GROVE LANE.