THE PRIORY, CHURCH LANE, COVEN, WOLVERHAMPTON, WV9 5DE - £375,000

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.

THE PRIORY is a very large extended detached house of 156m², built sometime between 1996 and 2002, which could now be worth an estimated £526,005. It was last sold for £375,000 in June 2017, which was around 22% above the average June 2017 detached price in the South Staffordshire local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was C.

THE PRIORY Sold Prices

Land registry data shows two sales for THE PRIORY 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. One of the two THE PRIORY sales was for above the average price, whilst the other was 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 16 JUN	£375,000	£307,490	22% above HPI
1996 29 NOV	£46,000	£90,806	49% below HPI

THE PRIORY 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 THE PRIORY sales from November 1996 and June 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 November 1996 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the June 2017 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might THE PRIORY be worth now?

THE PRIORY might now be worth an estimated £526,005.

This is based on house price inflation of 40.3%, between June 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 40.3% inflationary increase is applied to the most recent sale price for THE PRIORY of £375,000 on 16th June 2017. For the value to have increased from £375,000 to £526,005 over the eight years and four months to February 2025, the following assumptions must hold true:

• The value of THE PRIORY has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The June 2017 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of THE PRIORY has not materially changed since June 2017.

How Large is THE PRIORY?

THE PRIORY is 156m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the largest 20% of detached houses houses in Coven, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coven, and where THE PRIORY lies on this distribution: 89% of detached houses houses are smaller than THE PRIORY, and 11% of houses are larger. Note that EPC data is not available for all properties in Coven.

THE PRIORY: Plot and Title Map

THE PRIORY sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of THE PRIORY, 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 PRIORY). 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 PRIORY?

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