7, GRIFFITHS DRIVE, WOMBOURNE, WOLVERHAMPTON, WV5 0JW - £305,000

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 GRIFFITHS DRIVE is a small detached house of 99m², built sometime between 1991 and 1995, which could now be worth an estimated £445,728. It was last sold for £305,000 in February 2017, which was around 3% above the average February 2017 detached price in the South Staffordshire local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

7 GRIFFITHS DRIVE Sold Prices

Land registry data shows two sales for 7 GRIFFITHS DRIVE 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 GRIFFITHS DRIVE sales was for above the average price, whilst the other was 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
2017 2 FEB	£305,000	£295,134	3% above HPI
2006 9 AUG	£249,950	£256,894	3% below HPI

7 GRIFFITHS DRIVE 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 GRIFFITHS DRIVE sales from August 2006 and February 2017 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 August 2006 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2017 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 7 GRIFFITHS DRIVE be worth now?

7 GRIFFITHS DRIVE might now be worth an estimated £445,728.

This is based on house price inflation of 46.1%, between February 2017 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 46.1% inflationary increase is applied to the most recent sale price for 7 GRIFFITHS DRIVE of £305,000 on 2nd February 2017. For the value to have increased from £305,000 to £445,728 over the eight years to February 2025, the following assumptions must hold true:

• The value of 7 GRIFFITHS DRIVE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The February 2017 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GRIFFITHS DRIVE has not materially changed since February 2017.

How Large is 7 GRIFFITHS DRIVE?

7 GRIFFITHS DRIVE is 99m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 40% of detached houses houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wombourne, and where 7 GRIFFITHS DRIVE lies on this distribution: 36% of detached houses houses are smaller than 7 GRIFFITHS DRIVE, and 63% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

7 GRIFFITHS DRIVE: Plot and Title Map

7 GRIFFITHS DRIVE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 7 GRIFFITHS DRIVE, 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 GRIFFITHS DRIVE). 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 GRIFFITHS DRIVE?

7 GRIFFITHS DRIVE is located in WOMBOURNE, in the WV5 postcode district. The below map shows the position of No. 7 on GRIFFITHS DRIVE.