PINE RIDGE, MILL LANE, CODSALL, WOLVERHAMPTON, WV8 1EG - £615,000

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

PINE RIDGE is a very large extended detached house of 202m², built sometime between 1950 and 1966. It was last sold for £615,000 in August 2015, which was around 120% above the average August 2015 detached price in the South Staffordshire local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

PINE RIDGE Sold Prices

Land registry data shows two sales for PINE RIDGE 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 PINE RIDGE 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
2015 25 AUG	£615,000	£280,093	120% above HPI
2006 9 NOV	£499,950	£250,485	100% above HPI

PINE RIDGE 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 PINE RIDGE sales from November 2006 and August 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 November 2006 sale was for 100% above the HPI. So the extrapolation line tracks at 100% above the HPI over time, until the August 2015 sale, where it rises to 120% above the HPI. The line then continues to track at 120% above the HPI.

How Large is PINE RIDGE?

PINE RIDGE is 202m², which includes four extensions, according to the EPC inspection conducted in July 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 PINE RIDGE lies on this distribution: 94% of detached houses are smaller than PINE RIDGE, and 6% of houses are larger. Note that EPC data is not available for all properties in Codsall.

PINE RIDGE: Plot and Title Map

PINE RIDGE sits on a plot of roughly 0.280 of an acre, or 1,132m². The below map shows the location of PINE RIDGE, 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 PINE RIDGE). 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 PINE RIDGE?

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