2, PALMERS CLOSE, CODSALL, WOLVERHAMPTON, WV8 2JX - £272,500

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 PALMERS CLOSE is a midsized extended semi-detached house of 130m², built sometime between 1950 and 1966, which could now be worth an estimated £320,999. It was last sold for £272,500 in September 2021, which was around 20% above the average September 2021 semi-detached price in the South Staffordshire local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was B.

2 PALMERS CLOSE Sold Prices

Land registry data shows four sales for 2 PALMERS 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 South Staffordshire local authority area for the corresponding sale date. Most of the four 2 PALMERS CLOSE 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
2021 24 SEP	£272,500	£227,481	20% above HPI
2015 1 SEP	£192,000	£170,019	13% above HPI
2013 22 FEB	£192,000	£147,218	30% above HPI
2003 26 OCT	£120,000	£125,413	4% below HPI

2 PALMERS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Staffordshire local authority area over time, sourced from the HPI. The four 2 PALMERS CLOSE sales between October 2003 and September 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 September 2015 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the September 2021 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 2 PALMERS CLOSE be worth now?

2 PALMERS CLOSE might now be worth an estimated £320,999.

This is based on house price inflation of 17.8%, between September 2021 and June 2025, for semi-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 17.8% inflationary increase is applied to the most recent sale price for 2 PALMERS CLOSE of £272,500 on 24th September 2021. For the value to have increased from £272,500 to £320,999 over the four years and three months to June 2025, the following assumptions must hold true:

• The value of 2 PALMERS CLOSE has moved in line with the HPI for semi-detached houses in the South Staffordshire local authority area.
• The September 2021 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PALMERS CLOSE has not materially changed since September 2021.

How Large is 2 PALMERS CLOSE?

2 PALMERS CLOSE is 130m², which includes two extensions, according to the EPC inspection conducted in May 2012. This puts it in the largest 50% of semi-detached houses houses in Bilbrook, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bilbrook, and where 2 PALMERS CLOSE lies on this distribution: 53% of semi-detached houses houses are smaller than 2 PALMERS CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Bilbrook.

2 PALMERS CLOSE: Plot and Title Map

2 PALMERS CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 2 PALMERS 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 PALMERS 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 PALMERS CLOSE?

2 PALMERS CLOSE is located in CODSALL, in the WV8 postcode district. The below map shows the position of No. 2 on PALMERS CLOSE.