PALMA LODGE, MILL LANE, CODSALL, WOLVERHAMPTON, WV8 1EG - £980,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

PALMA LODGE is a very large extended detached house of 309m², built sometime between 1950 and 1966. It was last sold for £980,000 in May 2021, which was around 172% above the average May 2021 detached price in the South Staffordshire local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was C.

PALMA LODGE Sold Prices

Land registry data shows three sales for PALMA LODGE 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 PALMA LODGE sales were for above 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 20 MAY	£980,000	£359,778	172% above HPI
2015 19 OCT	£775,000	£281,028	176% above HPI
2005 18 JAN	£625,000	£242,787	157% above HPI

PALMA LODGE 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 PALMA LODGE sales between January 2005 and May 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 October 2015 sale was for 176% above the HPI. So the extrapolation line tracks at 176% above the HPI over time, until the May 2021 sale, where it falls to 172% above the HPI. The line then continues to track at 172% above the HPI.

How Large is PALMA LODGE?

PALMA LODGE is 309m², which includes two extensions, according to the EPC inspection conducted in November 2014. This puts it in the largest 10% of detached houses in Codsall, based on EPC data. The below chart shows the distribution of detached houses by size in Codsall, and where PALMA LODGE lies on this distribution: 99% of detached houses are smaller than PALMA LODGE, and 1% of houses are larger. Note that EPC data is not available for all properties in Codsall.

PALMA LODGE: Plot and Title Map

PALMA LODGE sits on a plot of roughly 0.620 of an acre, or 2,508m². The below map shows the location of PALMA LODGE, 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 PALMA LODGE). 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 PALMA LODGE?

PALMA LODGE is located on MILL LANE in CODSALL, in the WV8 postcode district. The below map shows the position of PALMA LODGE on MILL LANE.