7, GROVE LANE, WOLVERHAMPTON, WV6 8NJ - £295,000

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

7 GROVE LANE is a large extended detached house of 124m², built sometime between 1976 and 1982. It was last sold for £295,000 in August 2013, which was around 57% above the average August 2013 detached price in the Wolverhampton local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was C.

7 GROVE LANE Sold Prices

Land registry data shows four sales for 7 GROVE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. All of the four 7 GROVE 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
2013 16 AUG	£295,000	£188,249	57% above HPI
2003 17 OCT	£195,000	£158,074	23% above HPI
2001 25 MAY	£162,750	£95,734	70% above HPI
2000 10 MAR	£146,000	£86,534	69% above HPI

7 GROVE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wolverhampton local authority area over time, sourced from the HPI. The four 7 GROVE LANE sales between March 2000 and August 2013 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 October 2003 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the August 2013 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

How Large is 7 GROVE LANE?

7 GROVE LANE is 124m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the largest 40% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 7 GROVE LANE lies on this distribution: 66% of detached houses are smaller than 7 GROVE LANE, and 34% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

7 GROVE LANE: Plot and Title Map

7 GROVE LANE sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 7 GROVE 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 7 GROVE 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 7 GROVE LANE?

7 GROVE LANE is located in WOLVERHAMPTON, in the WV6 postcode district. The below map shows the position of No. 7 on GROVE LANE.