1, MARNEL DRIVE, WOLVERHAMPTON, WV3 7JQ - £265,000

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 MARNEL DRIVE is a small extended semi-detached house of 89m², built sometime between 1967 and 1975, which could now be worth an estimated £309,076. It was last sold for £265,000 in June 2022, which was around 34% above the average June 2022 semi-detached price in the Wolverhampton local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

1 MARNEL DRIVE Sold Prices

Land registry data shows two sales for 1 MARNEL DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Wolverhampton local authority area for the corresponding sale date. Both of the two 1 MARNEL DRIVE 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
2022 20 JUN	£265,000	£197,102	34% above HPI
1999 19 NOV	£70,500	£49,195	43% above HPI

1 MARNEL DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Wolverhampton local authority area over time, sourced from the HPI. The two 1 MARNEL DRIVE sales from November 1999 and June 2022 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 1999 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the June 2022 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 1 MARNEL DRIVE be worth now?

1 MARNEL DRIVE might now be worth an estimated £309,076.

This is based on house price inflation of 16.6%, between June 2022 and April 2026, for semi-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 16.6% inflationary increase is applied to the most recent sale price for 1 MARNEL DRIVE of £265,000 on 20th June 2022. For the value to have increased from £265,000 to £309,076 over the four years and two months to April 2026, the following assumptions must hold true:

• The value of 1 MARNEL DRIVE has moved in line with the HPI for semi-detached houses in the Wolverhampton local authority area.
• The June 2022 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MARNEL DRIVE has not materially changed since June 2022.

How Large is 1 MARNEL DRIVE?

1 MARNEL DRIVE is 89m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the smallest 30% of semi-detached houses houses in Wolverhampton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wolverhampton, and where 1 MARNEL DRIVE lies on this distribution: 28% of semi-detached houses houses are smaller than 1 MARNEL DRIVE, and 71% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

1 MARNEL DRIVE: Plot and Title Map

1 MARNEL DRIVE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 1 MARNEL DRIVE, 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 MARNEL DRIVE). 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 MARNEL DRIVE?

1 MARNEL DRIVE is located in WOLVERHAMPTON, in the WV3 postcode district. The below map shows the position of No. 1 on MARNEL DRIVE.