1, ELWELLS CLOSE, BILSTON, WV14 9YH - £376,000

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.

1 ELWELLS CLOSE is a very large extended detached house of 154m², built sometime between 1983 and 1990, which could now be worth an estimated £443,540. It was last sold for £376,000 in November 2021, which was around 35% above the average November 2021 detached price in the Wolverhampton local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was C.

1 ELWELLS CLOSE Sold Prices

Land registry data shows four sales for 1 ELWELLS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. two of the four 1 ELWELLS CLOSE sales were for above the average price, and four were 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
2021 19 NOV	£376,000	£278,148	35% above HPI
2016 23 FEB	£295,000	£197,404	49% above HPI
2003 14 FEB	£132,000	£136,809	4% below HPI
1999 9 JUL	£70,000	£77,614	10% below HPI

1 ELWELLS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wolverhampton local authority area over time, sourced from the HPI. The four 1 ELWELLS CLOSE sales between July 1999 and November 2021 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 February 2016 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the November 2021 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 1 ELWELLS CLOSE be worth now?

1 ELWELLS CLOSE might now be worth an estimated £443,540.

This is based on house price inflation of 18%, between November 2021 and March 2025, for detached houses, in the Wolverhampton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18% inflationary increase is applied to the most recent sale price for 1 ELWELLS CLOSE of £376,000 on 19th November 2021. For the value to have increased from £376,000 to £443,540 over the four years and eight months to March 2025, the following assumptions must hold true:

• The value of 1 ELWELLS CLOSE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The November 2021 sale price of £376,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ELWELLS CLOSE has not materially changed since November 2021.

How Large is 1 ELWELLS CLOSE?

1 ELWELLS CLOSE is 154m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the largest 20% of detached houses houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wolverhampton, and where 1 ELWELLS CLOSE lies on this distribution: 81% of detached houses houses are smaller than 1 ELWELLS CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

1 ELWELLS CLOSE: Plot and Title Map

1 ELWELLS CLOSE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 1 ELWELLS CLOSE, 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 1 ELWELLS CLOSE). 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 1 ELWELLS CLOSE?

1 ELWELLS CLOSE is located in BILSTON, in the WV14 postcode district. The below map shows the position of No. 1 on ELWELLS CLOSE.