7, CHESTNUT CLOSE, CODSALL, WOLVERHAMPTON, WV8 2EZ - £315,000

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.

7 CHESTNUT CLOSE is a midsized detached house of 119m², built sometime between 1967 and 1975, which could now be worth an estimated £418,653. It was last sold for £315,000 in July 2019, which was around 3% below the average July 2019 detached price in the South Staffordshire local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

7 CHESTNUT CLOSE Sold Prices

Land registry data shows two sales for 7 CHESTNUT CLOSE 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. One of the two 7 CHESTNUT CLOSE sales was for below the average price, whilst the other was 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
2019 31 JUL	£315,000	£324,523	3% below HPI
1996 13 DEC	£96,500	£93,082	4% above HPI

7 CHESTNUT CLOSE 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 7 CHESTNUT CLOSE sales from December 1996 and July 2019 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 1996 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the July 2019 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 7 CHESTNUT CLOSE be worth now?

7 CHESTNUT CLOSE might now be worth an estimated £418,653.

This is based on house price inflation of 32.9%, between July 2019 and February 2025, for detached houses, in the South Staffordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.9% inflationary increase is applied to the most recent sale price for 7 CHESTNUT CLOSE of £315,000 on 31st July 2019. For the value to have increased from £315,000 to £418,653 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 7 CHESTNUT CLOSE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The July 2019 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CHESTNUT CLOSE has not materially changed since July 2019.

How Large is 7 CHESTNUT CLOSE?

7 CHESTNUT CLOSE is 119m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 50% of detached houses houses in Codsall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Codsall, and where 7 CHESTNUT CLOSE lies on this distribution: 46% of detached houses houses are smaller than 7 CHESTNUT CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Codsall.

7 CHESTNUT CLOSE: Plot and Title Map

7 CHESTNUT CLOSE sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of 7 CHESTNUT CLOSE, 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 7 CHESTNUT CLOSE). 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 7 CHESTNUT CLOSE?

7 CHESTNUT CLOSE is located in CODSALL, in the WV8 postcode district. The below map shows the position of No. 7 on CHESTNUT CLOSE.