5, RICHMOND AVENUE, WOLVERHAMPTON, WV3 9JB - £302,500

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

5 RICHMOND AVENUE is a large extended detached house of 144m², built sometime between 1930 and 1949. It was last sold for £302,500 in December 2015, which was around 51% above the average December 2015 detached price in the Wolverhampton local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was B.

5 RICHMOND AVENUE Sold Prices

Land registry data shows two sales for 5 RICHMOND AVENUE 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 RICHMOND AVENUE 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 11 DEC	£302,500	£200,646	51% above HPI
2006 2 JUN	£320,000	£198,050	62% above HPI

5 RICHMOND AVENUE 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 RICHMOND AVENUE sales from June 2006 and December 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 June 2006 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the December 2015 sale, where it falls to 51% above the HPI. The line then continues to track at 51% above the HPI.

How Large is 5 RICHMOND AVENUE?

5 RICHMOND AVENUE is 144m², which includes three extensions, according to the EPC inspection conducted in December 2020. This puts it in the largest 30% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 5 RICHMOND AVENUE lies on this distribution: 77% of detached houses are smaller than 5 RICHMOND AVENUE, and 23% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

5 RICHMOND AVENUE: Plot and Title Map

5 RICHMOND AVENUE sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of 5 RICHMOND AVENUE, 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 RICHMOND AVENUE). 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 RICHMOND AVENUE?

5 RICHMOND AVENUE is located in WOLVERHAMPTON, in the WV3 postcode district. The below map shows the position of No. 5 on RICHMOND AVENUE.