16, DERWENT CLOSE, WILLENHALL, WV13 1JP - £125,000

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.

16 DERWENT CLOSE is a very small semi-detached house of 69m², built sometime between 1991 and 1995, which could now be worth an estimated £192,575. It was last sold for £125,000 in May 2017, which was around 16% below the average May 2017 semi-detached price in the Walsall local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

16 DERWENT CLOSE Sold Prices

Land registry data shows four sales for 16 DERWENT CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Walsall local authority area for the corresponding sale date. Most of the four 16 DERWENT CLOSE 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
2017 18 MAY	£125,000	£148,517	16% below HPI
2007 30 OCT	£135,000	£141,068	4% below HPI
2003 17 SEP	£96,000	£97,449	1% below HPI
1999 2 JUL	£56,500	£50,135	13% above HPI

16 DERWENT CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Walsall local authority area over time, sourced from the HPI. The four 16 DERWENT CLOSE sales between July 1999 and May 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 October 2007 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2017 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 16 DERWENT CLOSE be worth now?

16 DERWENT CLOSE might now be worth an estimated £192,575.

This is based on house price inflation of 54.1%, between May 2017 and May 2026, for semi-detached houses, in the Walsall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 54.1% inflationary increase is applied to the most recent sale price for 16 DERWENT CLOSE of £125,000 on 18th May 2017. For the value to have increased from £125,000 to £192,575 over the nine years to May 2026, the following assumptions must hold true:

• The value of 16 DERWENT CLOSE has moved in line with the HPI for semi-detached houses in the Walsall local authority area.
• The May 2017 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 16 DERWENT CLOSE has not materially changed since May 2017.

How Large is 16 DERWENT CLOSE?

16 DERWENT CLOSE is 69m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 20% of semi-detached houses houses in Willenhall, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Willenhall, and where 16 DERWENT CLOSE lies on this distribution: 10% of semi-detached houses houses are smaller than 16 DERWENT CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Willenhall.

16 DERWENT CLOSE: Plot and Title Map

16 DERWENT CLOSE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 16 DERWENT 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 16 DERWENT 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 16 DERWENT CLOSE?

16 DERWENT CLOSE is located in WILLENHALL, in the WV13 postcode district. The below map shows the position of No. 16 on DERWENT CLOSE.