13, ELMS LANE, SHARESHILL, WOLVERHAMPTON, WV10 7JS - £200,000

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.

13 ELMS LANE is a very small detached house of 113m², built sometime between 1967 and 1975, which could now be worth an estimated £254,038. It was last sold for £200,000 in May 2020, which was around 41% below the average May 2020 detached price in the South Staffordshire local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

13 ELMS LANE Sold Prices

Land registry data shows two sales for 13 ELMS LANE 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. Both of the two 13 ELMS LANE sales 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
2020 11 MAY	£200,000	£339,564	41% below HPI
2011 23 NOV	£177,500	£254,998	30% below HPI

13 ELMS LANE 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 13 ELMS LANE sales from November 2011 and May 2020 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 2011 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2020 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 13 ELMS LANE be worth now?

13 ELMS LANE might now be worth an estimated £254,038.

This is based on house price inflation of 27%, between May 2020 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 27% inflationary increase is applied to the most recent sale price for 13 ELMS LANE of £200,000 on 11th May 2020. For the value to have increased from £200,000 to £254,038 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 13 ELMS LANE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The May 2020 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 13 ELMS LANE has not materially changed since May 2020.

How Large is 13 ELMS LANE?

13 ELMS LANE is 113m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of detached houses houses in Shareshill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shareshill, and where 13 ELMS LANE lies on this distribution: 17% of detached houses houses are smaller than 13 ELMS LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Shareshill.

13 ELMS LANE: Plot and Title Map

13 ELMS LANE sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of 13 ELMS LANE, 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 13 ELMS LANE). 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 13 ELMS LANE?

13 ELMS LANE is located in SHARESHILL, in the WV10 postcode district. The below map shows the position of No. 13 on ELMS LANE.