50, RICHMOND DRIVE, PERTON, WOLVERHAMPTON, WV6 7RR - £244,999

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.

50 RICHMOND DRIVE is a very small detached house of 54m², built sometime between 1950 and 1966, which could now be worth an estimated £337,391. It was last sold for £244,999 in June 2018, which was around 22% below the average June 2018 detached price in the South Staffordshire local authority area. The most recent EPC inspection was September 2017, where the current energy rating was E, and the potential energy rating was C.

50 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 50 RICHMOND 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 South Staffordshire local authority area for the corresponding sale date. Both of the two 50 RICHMOND DRIVE 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
2018 18 JUN	£244,999	£313,199	22% below HPI
2017 15 NOV	£191,000	£308,606	38% below HPI

50 RICHMOND DRIVE 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 50 RICHMOND DRIVE sales from November 2017 and June 2018 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 November 2017 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the June 2018 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 50 RICHMOND DRIVE be worth now?

50 RICHMOND DRIVE might now be worth an estimated £337,391.

This is based on house price inflation of 37.7%, between June 2018 and February 2025, 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 37.7% inflationary increase is applied to the most recent sale price for 50 RICHMOND DRIVE of £244,999 on 18th June 2018. For the value to have increased from £244,999 to £337,391 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 50 RICHMOND DRIVE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The June 2018 sale price of £244,999 represented a fair market value for the property.
• The size, condition, and specification of 50 RICHMOND DRIVE has not materially changed since June 2018.

How Large is 50 RICHMOND DRIVE?

50 RICHMOND DRIVE is 54m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 10% of detached houses houses in Perton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Perton, and where 50 RICHMOND DRIVE lies on this distribution: 1% of detached houses houses are smaller than 50 RICHMOND DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Perton.

50 RICHMOND DRIVE: Plot and Title Map

50 RICHMOND DRIVE sits on a plot of roughly 0.158 of an acre, or 638m². The below map shows the location of 50 RICHMOND 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 50 RICHMOND 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 50 RICHMOND DRIVE?

50 RICHMOND DRIVE is located in PERTON, in the WV6 postcode district. The below map shows the position of No. 50 on RICHMOND DRIVE.