78, WATER REED GROVE, WALSALL, WS2 7AE - £164,000

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.

78 WATER REED GROVE is a small detached house of 92m², which could now be worth an estimated £217,396. It was last sold for £164,000 in May 2019, which was around 37% below the average May 2019 detached price in the Walsall local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was C.

78 WATER REED GROVE Sold Prices

Land registry data shows two sales for 78 WATER REED GROVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Walsall local authority area for the corresponding sale date. Both of the two 78 WATER REED GROVE 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
2019 3 MAY	£164,000	£259,650	37% below HPI
2013 28 MAR	£152,250	£192,005	21% below HPI

78 WATER REED GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Walsall local authority area over time, sourced from the HPI. The two 78 WATER REED GROVE sales from March 2013 and May 2019 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 2013 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2019 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 78 WATER REED GROVE be worth now?

78 WATER REED GROVE might now be worth an estimated £217,396.

This is based on house price inflation of 32.6%, between May 2019 and March 2025, for detached houses, in the Walsall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.6% inflationary increase is applied to the most recent sale price for 78 WATER REED GROVE of £164,000 on 3rd May 2019. For the value to have increased from £164,000 to £217,396 over the six years and two months to March 2025, the following assumptions must hold true:

• The value of 78 WATER REED GROVE has moved in line with the HPI for detached houses in the Walsall local authority area.
• The May 2019 sale price of £164,000 represented a fair market value for the property.
• The size, condition, and specification of 78 WATER REED GROVE has not materially changed since May 2019.

How Large is 78 WATER REED GROVE?

78 WATER REED GROVE is 92m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 40% of detached houses houses in Bloxwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bloxwich, and where 78 WATER REED GROVE lies on this distribution: 38% of detached houses houses are smaller than 78 WATER REED GROVE, and 61% of houses are larger. Note that EPC data is not available for all properties in Bloxwich.

78 WATER REED GROVE: Plot and Title Map

78 WATER REED GROVE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 78 WATER REED GROVE, 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 78 WATER REED GROVE). 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 78 WATER REED GROVE?

78 WATER REED GROVE is located in WALSALL, in the WS2 postcode district. The below map shows the position of No. 78 on WATER REED GROVE.