THE CEDARS, CHURCH LANE, COVEN, WOLVERHAMPTON, WV9 5DE - £395,000

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

THE CEDARS is a very large extended detached house of 186m², built sometime between 1983 and 1990. It was last sold for £395,000 in April 2019, which was around 29% above the average April 2019 detached price in the South Staffordshire local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was C.

THE CEDARS Sold Prices

Land registry data shows three sales for THE CEDARS 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 THE CEDARS 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
2019 26 APR	£395,000	£307,076	29% above HPI
2013 26 SEP	£270,000	£252,563	7% above HPI
1998 11 FEB	£128,000	£99,372	29% above HPI

THE CEDARS 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 THE CEDARS sales between February 1998 and April 2019 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 September 2013 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the April 2019 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is THE CEDARS?

THE CEDARS is 186m², which includes two extensions, according to the EPC inspection conducted in February 2018. This puts it in the largest 10% of detached houses in Coven, based on EPC data. The below chart shows the distribution of detached houses by size in Coven, and where THE CEDARS lies on this distribution: 97% of detached houses are smaller than THE CEDARS, and 2% of houses are larger. Note that EPC data is not available for all properties in Coven.

THE CEDARS: Plot and Title Map

THE CEDARS sits on a plot of roughly 0.189 of an acre, or 765m². The below map shows the location of THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

THE CEDARS is located on CHURCH LANE in COVEN, in the WV9 postcode district. The below map shows the position of THE CEDARS on CHURCH LANE.