7, FORMBY AVENUE, PERTON, WOLVERHAMPTON, WV6 7YU - £245,000

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 FORMBY AVENUE is a midsized detached house of 98m², built sometime between 1983 and 1990, which could now be worth an estimated £407,310. It was last sold for £245,000 in March 2011, which was around 6% below the average March 2011 detached price in the South Staffordshire local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

7 FORMBY AVENUE Sold Prices

Land registry data shows two sales for 7 FORMBY AVENUE 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 7 FORMBY AVENUE 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
2011 18 MAR	£245,000	£259,436	6% below HPI
2005 8 JUL	£218,000	£239,340	9% below HPI

7 FORMBY AVENUE 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 FORMBY AVENUE sales from July 2005 and March 2011 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 July 2005 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the March 2011 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 7 FORMBY AVENUE be worth now?

7 FORMBY AVENUE might now be worth an estimated £407,310.

This is based on house price inflation of 66.2%, between March 2011 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 66.2% inflationary increase is applied to the most recent sale price for 7 FORMBY AVENUE of £245,000 on 18th March 2011. For the value to have increased from £245,000 to £407,310 over the fourteen years and one month to February 2025, the following assumptions must hold true:

• The value of 7 FORMBY AVENUE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The March 2011 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FORMBY AVENUE has not materially changed since March 2011.

How Large is 7 FORMBY AVENUE?

7 FORMBY AVENUE is 98m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 50% of detached houses houses in Perton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Perton, and where 7 FORMBY AVENUE lies on this distribution: 50% of detached houses houses are smaller than 7 FORMBY AVENUE, and 50% of houses are larger. Note that EPC data is not available for all properties in Perton.

7 FORMBY AVENUE: Plot and Title Map

7 FORMBY AVENUE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 7 FORMBY AVENUE, 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 FORMBY AVENUE). 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 FORMBY AVENUE?

7 FORMBY AVENUE is located in PERTON, in the WV6 postcode district. The below map shows the position of No. 7 on FORMBY AVENUE.