Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources
71 MERRIDALE ROAD is a small extended detached house of 91m², built sometime between 1976 and 1982. It was last sold for £168,000 in July 2018, which was around 30% below the average July 2018 detached price in the Wolverhampton local authority area. The most recent EPC inspection was December 2018, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows two sales for 71 MERRIDALE ROAD since 1st 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 71 MERRIDALE ROAD 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 |
---|---|---|---|
2018 11 JUL | £168,000 | £239,493 | 30% below HPI |
2006 9 AUG | £135,000 | £198,502 | 32% below HPI |
The below graph shows the average detached house price in the Wolverhampton local authority area over time, sourced from the HPI. The two 71 MERRIDALE ROAD sales from August 2006 and July 2018 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 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2018 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.
71 MERRIDALE ROAD is 91m², which includes one extension, according to the EPC inspection conducted in December 2018. This puts it in the smallest 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 71 MERRIDALE ROAD lies on this distribution: 31% of detached houses are smaller than 71 MERRIDALE ROAD, and 68% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.
71 MERRIDALE ROAD sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 71 MERRIDALE ROAD, 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 71 MERRIDALE ROAD). 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.
71 MERRIDALE ROAD is located in WOLVERHAMPTON, in the WV3 postcode district. The below map shows the position of No. 71 on MERRIDALE ROAD.