53, RICHMOND ROAD, WOLVERHAMPTON, WV3 9JH - £386,500

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 RICHMOND ROAD is a very large extended detached house of 214m², built sometime between 1900 and 1929, which could now be worth an estimated £540,153. It was last sold for £386,500 in August 2018, which was around 65% above the average August 2018 detached price in the Wolverhampton local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

53 RICHMOND ROAD Sold Prices

Land registry data shows two sales for 53 RICHMOND ROAD 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 RICHMOND ROAD 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
2018 2 AUG	£386,500	£234,776	65% above HPI
2005 17 OCT	£297,500	£190,034	57% above HPI

53 RICHMOND ROAD 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 RICHMOND ROAD sales from October 2005 and August 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 October 2005 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the August 2018 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might 53 RICHMOND ROAD be worth now?

53 RICHMOND ROAD might now be worth an estimated £540,153.

This is based on house price inflation of 39.8%, between August 2018 and March 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 39.8% inflationary increase is applied to the most recent sale price for 53 RICHMOND ROAD of £386,500 on 2nd August 2018. For the value to have increased from £386,500 to £540,153 over the seven years and five months to March 2025, the following assumptions must hold true:

• The value of 53 RICHMOND ROAD has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The August 2018 sale price of £386,500 represented a fair market value for the property.
• The size, condition, and specification of 53 RICHMOND ROAD has not materially changed since August 2018.

How Large is 53 RICHMOND ROAD?

53 RICHMOND ROAD is 214m², which includes one extension, according to the EPC inspection conducted in February 2018. 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 RICHMOND ROAD lies on this distribution: 94% of detached houses houses are smaller than 53 RICHMOND ROAD, and 6% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

53 RICHMOND ROAD: Plot and Title Map

53 RICHMOND ROAD sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of 53 RICHMOND ROAD, 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 RICHMOND ROAD). 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 RICHMOND ROAD?

53 RICHMOND ROAD is located in WOLVERHAMPTON, in the WV3 postcode district. The below map shows the position of No. 53 on RICHMOND ROAD.