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

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 PRIORY is a very large extended detached house of 156m², built sometime between 1996 and 2002. It was last sold for £375,000 in June 2017, which was around 23% 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	£305,746	23% above HPI
1996 29 NOV	£46,000	£90,291	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 23% above the HPI. The line then continues to track at 23% above the HPI.

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 in Coven, based on EPC data. The below chart shows the distribution of detached houses by size in Coven, and where THE PRIORY lies on this distribution: 89% of detached 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.