5, PARK DRIVE, WOLVERHAMPTON, WV4 5AH - £335,000

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 PARK DRIVE is a midsized extended detached house of 113m², built sometime between 1950 and 1966, which could now be worth an estimated £446,922. It was last sold for £335,000 in September 2020, which was around 34% above the average September 2020 detached price in the Wolverhampton local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was C.

5 PARK DRIVE Sold Prices

Land registry data shows two sales for 5 PARK 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 PARK 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
2020 9 SEP	£335,000	£250,052	34% above HPI
2015 20 JAN	£250,000	£188,648	33% above HPI

5 PARK 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 PARK DRIVE sales from January 2015 and September 2020 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 2015 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the September 2020 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 5 PARK DRIVE be worth now?

5 PARK DRIVE might now be worth an estimated £446,922.

This is based on house price inflation of 33.4%, between September 2020 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 33.4% inflationary increase is applied to the most recent sale price for 5 PARK DRIVE of £335,000 on 9th September 2020. For the value to have increased from £335,000 to £446,922 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 PARK DRIVE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The September 2020 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PARK DRIVE has not materially changed since September 2020.

How Large is 5 PARK DRIVE?

5 PARK DRIVE is 113m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the largest 50% 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 PARK DRIVE lies on this distribution: 56% of detached houses houses are smaller than 5 PARK DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

5 PARK DRIVE: Plot and Title Map

5 PARK DRIVE sits on a plot of roughly 0.259 of an acre, or 1,048m². The below map shows the location of 5 PARK 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 PARK 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 PARK DRIVE?

5 PARK DRIVE is located in WOLVERHAMPTON, in the WV4 postcode district. The below map shows the position of No. 5 on PARK DRIVE.