48, ELMS LANE, SHARESHILL, WOLVERHAMPTON, WV10 7JX - £230,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

48 ELMS LANE is a small extended detached house of 117m², built sometime between 1930 and 1949, which could now be worth an estimated £407,705. It was last sold for £230,000 in April 2014, which was around 9% below the average April 2014 detached price in the South Staffordshire local authority area. The most recent EPC inspection was March 2011, where the current energy rating was E, and the potential energy rating was C.

48 ELMS LANE Sold Prices

Land registry data shows two sales for 48 ELMS 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 South Staffordshire local authority area for the corresponding sale date. Both of the two 48 ELMS LANE 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
2014 10 APR	£230,000	£252,747	9% below HPI
1998 27 MAR	£77,500	£99,776	22% below HPI

48 ELMS LANE 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 48 ELMS LANE sales from March 1998 and April 2014 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 March 1998 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the April 2014 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 48 ELMS LANE be worth now?

48 ELMS LANE might now be worth an estimated £407,705.

This is based on house price inflation of 77.3%, between April 2014 and December 2024, for detached houses, in the South Staffordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 77.3% inflationary increase is applied to the most recent sale price for 48 ELMS LANE of £230,000 on 10th April 2014. For the value to have increased from £230,000 to £407,705 over the nine years and four months to December 2024, the following assumptions must hold true:

• The value of 48 ELMS LANE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The April 2014 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 48 ELMS LANE has not materially changed since April 2014.

How Large is 48 ELMS LANE?

48 ELMS LANE is 117m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the smallest 30% of detached houses houses in Shareshill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shareshill, and where 48 ELMS LANE lies on this distribution: 21% of detached houses houses are smaller than 48 ELMS LANE, and 79% of houses are larger. Note that EPC data is not available for all properties in Shareshill.

48 ELMS LANE: Plot and Title Map

48 ELMS LANE sits on a plot of roughly 0.118 of an acre, or 478m². The below map shows the location of 48 ELMS 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 48 ELMS 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 48 ELMS LANE?

48 ELMS LANE is located in SHARESHILL, in the WV10 postcode district. The below map shows the position of No. 48 on ELMS LANE.