16, GROVE LANE, WOLVERHAMPTON, WV6 8NJ - £355,000

16 GROVE LANE is a very large detached house of 154m², built sometime between 1991 and 1995. It was last sold for £355,000 in November 2016, which was around 64% above the average November 2016 detached price in the Wolverhampton local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

16 GROVE LANE Sold Prices

Land registry data shows three sales for 16 GROVE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. All of the three 16 GROVE LANE 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
2016 18 NOV	£355,000	£216,044	64% above HPI
2015 5 MAY	£330,000	£192,870	71% above HPI
2002 18 SEP	£223,000	£126,892	76% above HPI

16 GROVE LANE 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 three 16 GROVE LANE sales between September 2002 and November 2016 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 May 2015 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the November 2016 sale, where it falls to 64% above the HPI. The line then continues to track at 64% above the HPI.

How Large is 16 GROVE LANE?

16 GROVE LANE is 154m² according to the EPC inspection conducted in March 2013. This puts it in the largest 20% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 16 GROVE LANE lies on this distribution: 81% of detached houses are smaller than 16 GROVE LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

16 GROVE LANE: Plot and Title Map

16 GROVE LANE sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of 16 GROVE 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 16 GROVE 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 16 GROVE LANE?

16 GROVE LANE is located in WOLVERHAMPTON, in the WV6 postcode district. The below map shows the position of No. 16 on GROVE LANE.