8, RICHMOND DRIVE, PERTON, WOLVERHAMPTON, WV6 7RR - £265,000

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 RICHMOND DRIVE is a very large extended detached house of 121m², built sometime between 1967 and 1975. It was last sold for £265,000 in March 2021, which was around 26% below the average March 2021 detached price in the South Staffordshire local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

8 RICHMOND DRIVE Sold Prices

Land registry data shows three sales for 8 RICHMOND DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. All of the three 8 RICHMOND DRIVE 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
2021 23 MAR	£265,000	£358,855	26% below HPI
2004 21 APR	£170,000	£211,640	20% below HPI
2001 1 AUG	£80,000	£140,750	43% below HPI

8 RICHMOND 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 three 8 RICHMOND DRIVE sales between August 2001 and March 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 April 2004 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 8 RICHMOND DRIVE?

8 RICHMOND DRIVE is 121m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the largest 20% of detached houses in Perton, based on EPC data. The below chart shows the distribution of detached houses by size in Perton, and where 8 RICHMOND DRIVE lies on this distribution: 82% of detached houses are smaller than 8 RICHMOND DRIVE, and 17% of houses are larger. Note that EPC data is not available for all properties in Perton.

8 RICHMOND DRIVE: Plot and Title Map

8 RICHMOND DRIVE sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 8 RICHMOND 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 RICHMOND 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 RICHMOND DRIVE?

8 RICHMOND DRIVE is located in PERTON, in the WV6 postcode district. The below map shows the position of No. 8 on RICHMOND DRIVE.