8, THE ORCHARD, ALBRIGHTON, WOLVERHAMPTON, WV7 3RE - £345,000

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 THE ORCHARD is a very large extended detached house of 165m², built sometime between 1950 and 1966. It was last sold for £345,000 in March 2015, which was around 30% above the average March 2015 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

8 THE ORCHARD Sold Prices

Land registry data shows three sales for 8 THE ORCHARD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Two of the three 8 THE ORCHARD sales were for above the average price, whilst one 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
2015 31 MAR	£345,000	£265,306	30% above HPI
2004 26 JUL	£302,500	£226,153	34% above HPI
2002 7 JUN	£147,950	£154,208	4% below HPI

8 THE ORCHARD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Shropshire local authority area over time, sourced from the HPI. The three 8 THE ORCHARD sales between June 2002 and March 2015 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 July 2004 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the March 2015 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 8 THE ORCHARD?

8 THE ORCHARD is 165m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 20% of detached houses in Albrighton, based on EPC data. The below chart shows the distribution of detached houses by size in Albrighton, and where 8 THE ORCHARD lies on this distribution: 85% of detached houses are smaller than 8 THE ORCHARD, and 15% of houses are larger. Note that EPC data is not available for all properties in Albrighton.

8 THE ORCHARD: Plot and Title Map

8 THE ORCHARD sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 8 THE ORCHARD, 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 THE ORCHARD). 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 THE ORCHARD?

8 THE ORCHARD is located in ALBRIGHTON, in the WV7 postcode district. The below map shows the position of No. 8 on THE ORCHARD.