61, SPRINGHILL LANE, WOLVERHAMPTON, WV4 4TN - £510,000

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

61 SPRINGHILL LANE is a very large extended detached house of 295m², built sometime between 1930 and 1949. It was last sold for £510,000 in January 2016, which was around 80% above the average January 2016 detached price in the South Staffordshire local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was C.

61 SPRINGHILL LANE Sold Prices

Land registry data shows two sales for 61 SPRINGHILL 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 South Staffordshire local authority area for the corresponding sale date. Both of the two 61 SPRINGHILL 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
2016 19 JAN	£510,000	£282,550	80% above HPI
2002 14 NOV	£250,000	£183,096	37% above HPI

61 SPRINGHILL LANE 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 61 SPRINGHILL LANE sales from November 2002 and January 2016 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 2002 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the January 2016 sale, where it rises to 80% above the HPI. The line then continues to track at 80% above the HPI.

How Large is 61 SPRINGHILL LANE?

61 SPRINGHILL LANE is 295m², which includes four extensions, according to the EPC inspection conducted in June 2024. This puts it in the largest 10% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 61 SPRINGHILL LANE lies on this distribution: 99% of detached houses are smaller than 61 SPRINGHILL LANE, and 1% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

61 SPRINGHILL LANE: Plot and Title Map

61 SPRINGHILL LANE sits on a plot of roughly 0.202 of an acre, or 816m². The below map shows the location of 61 SPRINGHILL 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 61 SPRINGHILL 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 61 SPRINGHILL LANE?

61 SPRINGHILL LANE is located in WOLVERHAMPTON, in the WV4 postcode district. The below map shows the position of No. 61 on SPRINGHILL LANE.