8, OAKTREE RISE, CODSALL, WOLVERHAMPTON, WV8 1DP - £238,500

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

8 OAKTREE RISE is a small detached house of 91m², built sometime between 2003 and 2006. It was last sold for £238,500 in March 2016, which was around 15% below the average March 2016 detached price in the South Staffordshire local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

8 OAKTREE RISE Sold Prices

Land registry data shows two sales for 8 OAKTREE RISE 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. Both of the two 8 OAKTREE RISE 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
2016 11 MAR	£238,500	£279,726	15% below HPI
2008 10 OCT	£196,000	£263,005	25% below HPI

8 OAKTREE RISE 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 OAKTREE RISE sales from October 2008 and March 2016 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 2008 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the March 2016 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 8 OAKTREE RISE?

8 OAKTREE RISE is 91m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 30% of detached houses in Codsall, based on EPC data. The below chart shows the distribution of detached houses by size in Codsall, and where 8 OAKTREE RISE lies on this distribution: 20% of detached houses are smaller than 8 OAKTREE RISE, and 79% of houses are larger. Note that EPC data is not available for all properties in Codsall.

8 OAKTREE RISE: Plot and Title Map

8 OAKTREE RISE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 8 OAKTREE RISE, 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 OAKTREE RISE). 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 OAKTREE RISE?

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