2, GRAZEWOOD CLOSE, WILLENHALL, WV12 5UX - £215,000

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.

2 GRAZEWOOD CLOSE is a small extended detached house of 82m², built sometime between 1983 and 1990, which could now be worth an estimated £275,188. It was last sold for £215,000 in January 2020, which was around 20% below the average January 2020 detached price in the Walsall local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

2 GRAZEWOOD CLOSE Sold Prices

Land registry data shows two sales for 2 GRAZEWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Walsall local authority area for the corresponding sale date. Both of the two 2 GRAZEWOOD 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
2020 17 JAN	£215,000	£268,909	20% below HPI
1997 17 OCT	£59,950	£80,682	26% below HPI

2 GRAZEWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Walsall local authority area over time, sourced from the HPI. The two 2 GRAZEWOOD CLOSE sales from October 1997 and January 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 October 1997 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the January 2020 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 GRAZEWOOD CLOSE be worth now?

2 GRAZEWOOD CLOSE might now be worth an estimated £275,188.

This is based on house price inflation of 28%, between January 2020 and March 2025, for 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 28% inflationary increase is applied to the most recent sale price for 2 GRAZEWOOD CLOSE of £215,000 on 17th January 2020. For the value to have increased from £215,000 to £275,188 over the four years and ten months to March 2025, the following assumptions must hold true:

• The value of 2 GRAZEWOOD CLOSE has moved in line with the HPI for detached houses in the Walsall local authority area.
• The January 2020 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GRAZEWOOD CLOSE has not materially changed since January 2020.

How Large is 2 GRAZEWOOD CLOSE?

2 GRAZEWOOD CLOSE is 82m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the smallest 30% of detached houses houses in Willenhall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Willenhall, and where 2 GRAZEWOOD CLOSE lies on this distribution: 24% of detached houses houses are smaller than 2 GRAZEWOOD CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Willenhall.

2 GRAZEWOOD CLOSE: Plot and Title Map

2 GRAZEWOOD CLOSE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 2 GRAZEWOOD 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 2 GRAZEWOOD 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 2 GRAZEWOOD CLOSE?

2 GRAZEWOOD CLOSE is located in WILLENHALL, in the WV12 postcode district. The below map shows the position of No. 2 on GRAZEWOOD CLOSE.