TREETOPS, GRAVEL HILL, WOMBOURNE, WOLVERHAMPTON, WV5 9HA - £255,000

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.

TREETOPS is a very small detached house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £341,280. It was last sold for £255,000 in February 2018, which was around 21% below the average February 2018 detached price in the South Staffordshire local authority area. The most recent EPC inspection was August 2012, where the current energy rating was E, and the potential energy rating was B.

TREETOPS Sold Prices

Land registry data shows four sales for TREETOPS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. One of the four TREETOPS sales was for below the average price, whilst two 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
2018 28 FEB	£255,000	£322,269	21% below HPI
2007 10 AUG	£270,000	£269,160	Close to HPI
2002 21 JAN	£151,000	£144,482	5% above HPI
2000 13 NOV	£151,000	£128,019	18% above HPI

TREETOPS 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 four TREETOPS sales between November 2000 and February 2018 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 August 2007 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the February 2018 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might TREETOPS be worth now?

TREETOPS might now be worth an estimated £341,280.

This is based on house price inflation of 33.8%, between February 2018 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 33.8% inflationary increase is applied to the most recent sale price for TREETOPS of £255,000 on 28th February 2018. For the value to have increased from £255,000 to £341,280 over the seven years to February 2025, the following assumptions must hold true:

• The value of TREETOPS has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The February 2018 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of TREETOPS has not materially changed since February 2018.

How Large is TREETOPS?

TREETOPS is 77m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 20% of detached houses houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wombourne, and where TREETOPS lies on this distribution: 12% of detached houses houses are smaller than TREETOPS, and 86% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

TREETOPS: Plot and Title Map

TREETOPS sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of TREETOPS, 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 TREETOPS). 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 TREETOPS?

TREETOPS is located on GRAVEL HILL in WOMBOURNE, in the WV5 postcode district. The below map shows the position of TREETOPS on GRAVEL HILL.