2, MILLSIDE, WOMBOURNE, WOLVERHAMPTON, WV5 8JJ - £235,000

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 MILLSIDE is a very small extended detached house of 61m², built sometime between 1991 and 1995, which could now be worth an estimated £283,390. It was last sold for £235,000 in April 2021, which was around 34% below the average April 2021 detached price in the South Staffordshire local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was B.

2 MILLSIDE Sold Prices

Land registry data shows two sales for 2 MILLSIDE 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 2 MILLSIDE 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
2021 9 APR	£235,000	£357,662	34% below HPI
2011 23 MAR	£151,500	£259,436	42% below HPI

2 MILLSIDE 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 2 MILLSIDE sales from March 2011 and April 2021 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 March 2011 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the April 2021 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 2 MILLSIDE be worth now?

2 MILLSIDE might now be worth an estimated £283,390.

This is based on house price inflation of 20.6%, between April 2021 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 20.6% inflationary increase is applied to the most recent sale price for 2 MILLSIDE of £235,000 on 9th April 2021. For the value to have increased from £235,000 to £283,390 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 2 MILLSIDE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The April 2021 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILLSIDE has not materially changed since April 2021.

How Large is 2 MILLSIDE?

2 MILLSIDE is 61m², which includes one extension, according to the EPC inspection conducted in January 2021. This puts it in the smallest 10% of detached houses houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wombourne, and where 2 MILLSIDE lies on this distribution: 3% of detached houses houses are smaller than 2 MILLSIDE, and 96% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

2 MILLSIDE: Plot and Title Map

2 MILLSIDE sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of 2 MILLSIDE, 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 MILLSIDE). 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 MILLSIDE?

2 MILLSIDE is located in WOMBOURNE, in the WV5 postcode district. The below map shows the position of No. 2 on MILLSIDE.