2, RICHARD PLACE, WALSALL, WS5 3QP - £115,000

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 RICHARD PLACE is a very small extended detached house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £511,918. It was last sold for £115,000 in June 1997, which was around 46% above the average June 1997 detached price in the Walsall local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was D.

2 RICHARD PLACE Sold Prices

Land registry data shows two sales for 2 RICHARD PLACE 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 RICHARD PLACE 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
1997 9 JUN	£115,000	£78,917	46% above HPI
1996 27 AUG	£87,500	£78,344	12% above HPI

2 RICHARD PLACE 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 RICHARD PLACE sales from August 1996 and June 1997 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 August 1996 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the June 1997 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 2 RICHARD PLACE be worth now?

2 RICHARD PLACE might now be worth an estimated £511,918.

This is based on house price inflation of 345.1%, between June 1997 and June 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 345.1% inflationary increase is applied to the most recent sale price for 2 RICHARD PLACE of £115,000 on 9th June 1997. For the value to have increased from £115,000 to £511,918 over the 28 years to June 2025, the following assumptions must hold true:

• The value of 2 RICHARD PLACE has moved in line with the HPI for detached houses in the Walsall local authority area.
• The June 1997 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RICHARD PLACE has not materially changed since June 1997.

How Large is 2 RICHARD PLACE?

2 RICHARD PLACE is 90m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 20% of detached houses houses in Walsall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Walsall, and where 2 RICHARD PLACE lies on this distribution: 11% of detached houses houses are smaller than 2 RICHARD PLACE, and 88% of houses are larger. Note that EPC data is not available for all properties in Walsall.

2 RICHARD PLACE: Plot and Title Map

2 RICHARD PLACE sits on a plot of roughly 0.160 of an acre, or 646m². The below map shows the location of 2 RICHARD PLACE, 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 RICHARD PLACE). 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 RICHARD PLACE?

2 RICHARD PLACE is located in WALSALL, in the WS5 postcode district. The below map shows the position of No. 2 on RICHARD PLACE.