2, PARKSTONE CLOSE, WALSALL, WS4 1QW - £195,000

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 PARKSTONE CLOSE is a very small detached house of 81m², built sometime between 1976 and 1982, which could now be worth an estimated £257,378. It was last sold for £195,000 in March 2019, which was around 25% below the average March 2019 detached price in the Walsall local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

2 PARKSTONE CLOSE Sold Prices

Land registry data shows two sales for 2 PARKSTONE 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 PARKSTONE 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
2019 25 MAR	£195,000	£260,771	25% below HPI
2003 23 JUL	£149,000	£154,794	4% below HPI

2 PARKSTONE 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 PARKSTONE CLOSE sales from July 2003 and March 2019 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 July 2003 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2019 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 PARKSTONE CLOSE be worth now?

2 PARKSTONE CLOSE might now be worth an estimated £257,378.

This is based on house price inflation of 32%, between March 2019 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 32% inflationary increase is applied to the most recent sale price for 2 PARKSTONE CLOSE of £195,000 on 25th March 2019. For the value to have increased from £195,000 to £257,378 over the six years to March 2025, the following assumptions must hold true:

• The value of 2 PARKSTONE CLOSE has moved in line with the HPI for detached houses in the Walsall local authority area.
• The March 2019 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARKSTONE CLOSE has not materially changed since March 2019.

How Large is 2 PARKSTONE CLOSE?

2 PARKSTONE CLOSE is 81m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 20% of detached houses houses in Shelfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shelfield, and where 2 PARKSTONE CLOSE lies on this distribution: 11% of detached houses houses are smaller than 2 PARKSTONE CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Shelfield.

2 PARKSTONE CLOSE: Plot and Title Map

2 PARKSTONE CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 2 PARKSTONE 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 PARKSTONE 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 PARKSTONE CLOSE?

2 PARKSTONE CLOSE is located in WALSALL, in the WS4 postcode district. The below map shows the position of No. 2 on PARKSTONE CLOSE.