563, PARKFIELD ROAD, WOLVERHAMPTON, WV4 6EL - £160,000

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.

563 PARKFIELD ROAD is a small extended detached house of 93m², built sometime between 1930 and 1949, which could now be worth an estimated £215,037. It was last sold for £160,000 in February 2020, which was around 36% below the average February 2020 detached price in the Wolverhampton local authority area. The most recent EPC inspection was January 2017, where the current energy rating was F, and the potential energy rating was B.

563 PARKFIELD ROAD Sold Prices

Land registry data shows four sales for 563 PARKFIELD ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. All of the four 563 PARKFIELD ROAD 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
2020 25 FEB	£160,000	£248,212	36% below HPI
2016 4 MAR	£87,000	£198,135	56% below HPI
2015 19 NOV	£91,000	£194,706	53% below HPI
2015 18 SEP	£85,000	£191,294	56% below HPI

563 PARKFIELD 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 four 563 PARKFIELD ROAD sales between September 2015 and February 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 March 2016 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the February 2020 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 563 PARKFIELD ROAD be worth now?

563 PARKFIELD ROAD might now be worth an estimated £215,037.

This is based on house price inflation of 34.4%, between February 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 34.4% inflationary increase is applied to the most recent sale price for 563 PARKFIELD ROAD of £160,000 on 25th February 2020. For the value to have increased from £160,000 to £215,037 over the five years to February 2025, the following assumptions must hold true:

• The value of 563 PARKFIELD ROAD has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The February 2020 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 563 PARKFIELD ROAD has not materially changed since February 2020.

How Large is 563 PARKFIELD ROAD?

563 PARKFIELD ROAD is 93m², which includes two extensions, according to the EPC inspection conducted in January 2017. This puts it in the smallest 40% 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 563 PARKFIELD ROAD lies on this distribution: 33% of detached houses houses are smaller than 563 PARKFIELD ROAD, and 66% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

563 PARKFIELD ROAD: Plot and Title Map

563 PARKFIELD ROAD sits on a plot of roughly 0.086 of an acre, or 350m². The below map shows the location of 563 PARKFIELD 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 563 PARKFIELD 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 563 PARKFIELD ROAD?

563 PARKFIELD ROAD is located in WOLVERHAMPTON, in the WV4 postcode district. The below map shows the position of No. 563 on PARKFIELD ROAD.