8, FAIRFIELD DRIVE, CODSALL, WOLVERHAMPTON, WV8 2AB - £525,000

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.

8 FAIRFIELD DRIVE is a large extended detached house of 146m², built sometime between 1967 and 1975, which could now be worth an estimated £595,450. It was last sold for £525,000 in November 2021, which was around 38% above the average November 2021 detached price in the South Staffordshire local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

8 FAIRFIELD DRIVE Sold Prices

Land registry data shows two sales for 8 FAIRFIELD 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 8 FAIRFIELD 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
2021 24 NOV	£525,000	£380,280	38% above HPI
2014 28 NOV	£235,000	£266,333	12% below HPI

8 FAIRFIELD 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 8 FAIRFIELD DRIVE sales from November 2014 and November 2021 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 November 2014 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2021 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 8 FAIRFIELD DRIVE be worth now?

8 FAIRFIELD DRIVE might now be worth an estimated £595,450.

This is based on house price inflation of 13.4%, between November 2021 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 13.4% inflationary increase is applied to the most recent sale price for 8 FAIRFIELD DRIVE of £525,000 on 24th November 2021. For the value to have increased from £525,000 to £595,450 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 FAIRFIELD DRIVE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The November 2021 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FAIRFIELD DRIVE has not materially changed since November 2021.

How Large is 8 FAIRFIELD DRIVE?

8 FAIRFIELD DRIVE is 146m², which includes three extensions, according to the EPC inspection conducted in June 2021. This puts it in the largest 30% of detached houses houses in Codsall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Codsall, and where 8 FAIRFIELD DRIVE lies on this distribution: 70% of detached houses houses are smaller than 8 FAIRFIELD DRIVE, and 29% of houses are larger. Note that EPC data is not available for all properties in Codsall.

8 FAIRFIELD DRIVE: Plot and Title Map

8 FAIRFIELD DRIVE sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 8 FAIRFIELD 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 8 FAIRFIELD 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 8 FAIRFIELD DRIVE?

8 FAIRFIELD DRIVE is located in CODSALL, in the WV8 postcode district. The below map shows the position of No. 8 on FAIRFIELD DRIVE.