8A, SCHOOL LANE, SHARESHILL, WOLVERHAMPTON, WV10 7LE - £400,000

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.

8A SCHOOL LANE is a very small extended detached house of 98m², built sometime between 1950 and 1966, which could now be worth an estimated £511,022. It was last sold for £400,000 in September 2020, which was around 18% above the average September 2020 detached price in the South Staffordshire local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

8A SCHOOL LANE Sold Prices

Land registry data shows four sales for 8A SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. two of the four 8A SCHOOL LANE sales were for above the average price, and four 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
2020 30 SEP	£400,000	£337,606	18% above HPI
2019 26 APR	£340,000	£308,828	10% above HPI
2008 29 FEB	£175,000	£280,500	38% below HPI
2007 3 AUG	£153,550	£269,160	43% below HPI

8A SCHOOL LANE 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 four 8A SCHOOL LANE sales between August 2007 and September 2020 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 2019 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the September 2020 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 8A SCHOOL LANE be worth now?

8A SCHOOL LANE might now be worth an estimated £511,022.

This is based on house price inflation of 27.8%, between September 2020 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 27.8% inflationary increase is applied to the most recent sale price for 8A SCHOOL LANE of £400,000 on 30th September 2020. For the value to have increased from £400,000 to £511,022 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 8A SCHOOL LANE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The September 2020 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 8A SCHOOL LANE has not materially changed since September 2020.

How Large is 8A SCHOOL LANE?

8A SCHOOL LANE is 98m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 10% of detached houses houses in Shareshill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shareshill, and where 8A SCHOOL LANE lies on this distribution: 10% of detached houses houses are smaller than 8A SCHOOL LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Shareshill.

8A SCHOOL LANE: Plot and Title Map

8A SCHOOL LANE sits on a plot of roughly 0.140 of an acre, or 566m². The below map shows the location of 8A SCHOOL LANE, 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 8A SCHOOL LANE). 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 8A SCHOOL LANE?

8A SCHOOL LANE is located in SHARESHILL, in the WV10 postcode district. The below map shows the position of No. 8A on SCHOOL LANE.