SPRINGFIELD, SANDY LANE, CODSALL, WOLVERHAMPTON, WV8 1EW - £520,000

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

SPRINGFIELD is a very large extended detached house of 174m², built sometime between 1900 and 1929. It was last sold for £520,000 in March 2020, which was around 60% above the average March 2020 detached price in the South Staffordshire local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

SPRINGFIELD Sold Prices

Land registry data shows two sales for SPRINGFIELD 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 SPRINGFIELD 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
2020 19 MAR	£520,000	£324,462	60% above HPI
1996 16 MAY	£168,000	£89,446	88% above HPI

SPRINGFIELD 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 SPRINGFIELD sales from May 1996 and March 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 May 1996 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the March 2020 sale, where it falls to 60% above the HPI. The line then continues to track at 60% above the HPI.

How Large is SPRINGFIELD?

SPRINGFIELD is 174m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the largest 20% of detached houses in Codsall, based on EPC data. The below chart shows the distribution of detached houses by size in Codsall, and where SPRINGFIELD lies on this distribution: 89% of detached houses are smaller than SPRINGFIELD, and 11% of houses are larger. Note that EPC data is not available for all properties in Codsall.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.291 of an acre, or 1,177m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

SPRINGFIELD is located on SANDY LANE in CODSALL, in the WV8 postcode district. The below map shows the position of SPRINGFIELD on SANDY LANE.