7, THE PARKLANDS, WOLVERHAMPTON, WV3 9DG - £242,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 THE PARKLANDS is a large detached house of 133m², built sometime between 1950 and 1966, which could now be worth an estimated £429,804. It was last sold for £242,500 in August 2005, which was around 32% above the average August 2005 detached price in the Wolverhampton local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

7 THE PARKLANDS Sold Prices

Land registry data shows two sales for 7 THE PARKLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. Both of the two 7 THE PARKLANDS 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
2005 23 AUG	£242,500	£183,825	32% above HPI
1996 8 MAR	£86,000	£65,860	31% above HPI

7 THE PARKLANDS 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 two 7 THE PARKLANDS sales from March 1996 and August 2005 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 March 1996 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the August 2005 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 7 THE PARKLANDS be worth now?

7 THE PARKLANDS might now be worth an estimated £429,804.

This is based on house price inflation of 77.2%, between August 2005 and December 2024, for detached houses, in the Wolverhampton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 77.2% inflationary increase is applied to the most recent sale price for 7 THE PARKLANDS of £242,500 on 23rd August 2005. For the value to have increased from £242,500 to £429,804 over the eighteen years and eight months to December 2024, the following assumptions must hold true:

• The value of 7 THE PARKLANDS has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The August 2005 sale price of £242,500 represented a fair market value for the property.
• The size, condition, and specification of 7 THE PARKLANDS has not materially changed since August 2005.

How Large is 7 THE PARKLANDS?

7 THE PARKLANDS is 133m² according to the EPC inspection conducted in March 2015. This puts it in the largest 30% of detached houses houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wolverhampton, and where 7 THE PARKLANDS lies on this distribution: 72% of detached houses houses are smaller than 7 THE PARKLANDS, and 28% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

7 THE PARKLANDS: Plot and Title Map

7 THE PARKLANDS sits on a plot of roughly 0.132 of an acre, or 534m². The below map shows the location of 7 THE PARKLANDS, 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 THE PARKLANDS). 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 THE PARKLANDS?

7 THE PARKLANDS is located in WOLVERHAMPTON, in the WV3 postcode district. The below map shows the position of No. 7 on THE PARKLANDS.