53, MILL LANE, TETTENHALL WOOD, WOLVERHAMPTON, WV6 8HD - £535,000

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.

53 MILL LANE is a very large extended detached house of 187m², built sometime between 1950 and 1966, which could now be worth an estimated £565,740. It was last sold for £535,000 in October 2023, which was around 70% above the average October 2023 detached price in the Wolverhampton local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

53 MILL LANE Sold Prices

Land registry data shows two sales for 53 MILL LANE 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 53 MILL LANE 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
2023 3 OCT	£535,000	£315,467	70% above HPI
2016 21 JAN	£225,000	£196,470	15% above HPI

53 MILL LANE 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 53 MILL LANE sales from January 2016 and October 2023 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 2016 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the October 2023 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

What might 53 MILL LANE be worth now?

53 MILL LANE might now be worth an estimated £565,740.

This is based on house price inflation of 5.7%, between October 2023 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 5.7% inflationary increase is applied to the most recent sale price for 53 MILL LANE of £535,000 on 3rd October 2023. For the value to have increased from £535,000 to £565,740 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of 53 MILL LANE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The October 2023 sale price of £535,000 represented a fair market value for the property.
• The size, condition, and specification of 53 MILL LANE has not materially changed since October 2023.

How Large is 53 MILL LANE?

53 MILL LANE is 187m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the largest 10% 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 53 MILL LANE lies on this distribution: 90% of detached houses houses are smaller than 53 MILL LANE, and 10% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

53 MILL LANE: Plot and Title Map

53 MILL LANE sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 53 MILL LANE, 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 53 MILL LANE). 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 53 MILL LANE?

53 MILL LANE is located in TETTENHALL WOOD, in the WV6 postcode district. The below map shows the position of No. 53 on MILL LANE.