CHERRYWOOD, WYNNE CRESCENT, WOLVERHAMPTON, WV4 4SW - £232,000

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.

CHERRYWOOD is a midsized detached house of 103m², built sometime between 1967 and 1975, which could now be worth an estimated £339,046. It was last sold for £232,000 in February 2017, which was around 21% below the average February 2017 detached price in the South Staffordshire local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

CHERRYWOOD Sold Prices

Land registry data shows two sales for CHERRYWOOD 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 CHERRYWOOD 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
2017 24 FEB	£232,000	£295,134	21% below HPI
2016 21 OCT	£245,000	£293,418	17% below HPI

CHERRYWOOD 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 CHERRYWOOD sales from October 2016 and February 2017 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 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the February 2017 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might CHERRYWOOD be worth now?

CHERRYWOOD might now be worth an estimated £339,046.

This is based on house price inflation of 46.1%, between February 2017 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 46.1% inflationary increase is applied to the most recent sale price for CHERRYWOOD of £232,000 on 24th February 2017. For the value to have increased from £232,000 to £339,046 over the eight years to February 2025, the following assumptions must hold true:

• The value of CHERRYWOOD has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The February 2017 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRYWOOD has not materially changed since February 2017.

How Large is CHERRYWOOD?

CHERRYWOOD is 103m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 50% of detached houses houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wolverhampton, and where CHERRYWOOD lies on this distribution: 45% of detached houses houses are smaller than CHERRYWOOD, and 54% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

CHERRYWOOD: Plot and Title Map

CHERRYWOOD sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of CHERRYWOOD, 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 CHERRYWOOD). 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 CHERRYWOOD?

CHERRYWOOD is located on WYNNE CRESCENT in WOLVERHAMPTON, in the WV4 postcode district. The below map shows the position of CHERRYWOOD on WYNNE CRESCENT.