63, MILLFIELDS WAY, WOMBOURNE, WOLVERHAMPTON, WV5 8JG - £305,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

63 MILLFIELDS WAY is a very small detached house of 65m², built sometime between 1976 and 1982. It was last sold for £305,000 in October 2023, which was around 24% below the average October 2023 detached price in the South Staffordshire local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was B.

63 MILLFIELDS WAY Sold Prices

Land registry data shows two sales for 63 MILLFIELDS WAY 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 63 MILLFIELDS WAY 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
2023 17 OCT	£305,000	£401,576	24% below HPI
2007 17 DEC	£174,950	£281,307	38% below HPI

63 MILLFIELDS WAY 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 63 MILLFIELDS WAY sales from December 2007 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 December 2007 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the October 2023 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 63 MILLFIELDS WAY?

63 MILLFIELDS WAY is 65m² according to the EPC inspection conducted in July 2023. This puts it in the smallest 10% of detached houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses by size in Wombourne, and where 63 MILLFIELDS WAY lies on this distribution: 6% of detached houses are smaller than 63 MILLFIELDS WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

63 MILLFIELDS WAY: Plot and Title Map

63 MILLFIELDS WAY sits on a plot of roughly 0.114 of an acre, or 461m². The below map shows the location of 63 MILLFIELDS WAY, 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 63 MILLFIELDS WAY). 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 63 MILLFIELDS WAY?

63 MILLFIELDS WAY is located in WOMBOURNE, in the WV5 postcode district. The below map shows the position of No. 63 on MILLFIELDS WAY.