5, OAKEN LANES, CODSALL, WOLVERHAMPTON, WV8 2AQ - £425,000

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

5 OAKEN LANES is a large detached house of 148m², built sometime between 1950 and 1966. It was last sold for £425,000 in December 2021, which was around 12% above the average December 2021 detached price in the South Staffordshire local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

5 OAKEN LANES Sold Prices

Land registry data shows two sales for 5 OAKEN LANES 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. One of the two 5 OAKEN LANES sales was for above the average price, whilst the other was 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
2021 20 DEC	£425,000	£380,801	12% above HPI
2009 14 DEC	£240,000	£254,480	6% below HPI

5 OAKEN LANES 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 5 OAKEN LANES sales from December 2009 and December 2021 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 December 2009 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the December 2021 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 5 OAKEN LANES?

5 OAKEN LANES is 148m² according to the EPC inspection conducted in March 2022. This puts it in the largest 30% of detached houses in Codsall, based on EPC data. The below chart shows the distribution of detached houses by size in Codsall, and where 5 OAKEN LANES lies on this distribution: 72% of detached houses are smaller than 5 OAKEN LANES, and 28% of houses are larger. Note that EPC data is not available for all properties in Codsall.

5 OAKEN LANES: Plot and Title Map

5 OAKEN LANES sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 5 OAKEN LANES, 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 OAKEN LANES). 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 OAKEN LANES?

5 OAKEN LANES is located in CODSALL, in the WV8 postcode district. The below map shows the position of No. 5 on OAKEN LANES.