5, ELVIRON DRIVE, WOLVERHAMPTON, WV6 8SZ - £310,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 ELVIRON DRIVE is a large extended detached house of 140m², built sometime between 1967 and 1975, which could now be worth an estimated £550,695. It was last sold for £310,000 in March 2015, which was around 65% above the average March 2015 detached price in the Wolverhampton local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was C.

5 ELVIRON DRIVE Sold Prices

Land registry data shows two sales for 5 ELVIRON DRIVE 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 5 ELVIRON DRIVE 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
2015 27 MAR	£310,000	£187,788	65% above HPI
2003 3 JAN	£210,000	£133,911	57% above HPI

5 ELVIRON DRIVE 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 5 ELVIRON DRIVE sales from January 2003 and March 2015 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 January 2003 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the March 2015 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might 5 ELVIRON DRIVE be worth now?

5 ELVIRON DRIVE might now be worth an estimated £550,695.

This is based on house price inflation of 77.6%, between March 2015 and February 2025, for detached houses, in the Wolverhampton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 77.6% inflationary increase is applied to the most recent sale price for 5 ELVIRON DRIVE of £310,000 on 27th March 2015. For the value to have increased from £310,000 to £550,695 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 5 ELVIRON DRIVE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The March 2015 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 5 ELVIRON DRIVE has not materially changed since March 2015.

How Large is 5 ELVIRON DRIVE?

5 ELVIRON DRIVE is 140m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the largest 30% of detached houses houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wolverhampton, and where 5 ELVIRON DRIVE lies on this distribution: 75% of detached houses houses are smaller than 5 ELVIRON DRIVE, and 25% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

5 ELVIRON DRIVE: Plot and Title Map

5 ELVIRON DRIVE sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 5 ELVIRON DRIVE, 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 5 ELVIRON DRIVE). 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 5 ELVIRON DRIVE?

5 ELVIRON DRIVE is located in WOLVERHAMPTON, in the WV6 postcode district. The below map shows the position of No. 5 on ELVIRON DRIVE.