39, NEEDWOOD CLOSE, WOLVERHAMPTON, WV2 4PP - £184,000

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.

39 NEEDWOOD CLOSE is a small extended terraced house of 98m², built sometime between 1930 and 1949, which could now be worth an estimated £206,525. It was last sold for £184,000 in February 2024, which was around 12% above the average February 2024 terraced price in the Wolverhampton local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

39 NEEDWOOD CLOSE Sold Prices

Land registry data shows four sales for 39 NEEDWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Wolverhampton local authority area for the corresponding sale date. two of the four 39 NEEDWOOD CLOSE sales were for above the average price, and four 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
2024 9 FEB	£184,000	£164,561	12% above HPI
2018 30 APR	£117,000	£118,560	1% below HPI
2018 23 FEB	£122,500	£116,877	5% above HPI
2017 21 DEC	£60,000	£116,565	49% below HPI

39 NEEDWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Wolverhampton local authority area over time, sourced from the HPI. The four 39 NEEDWOOD CLOSE sales between December 2017 and February 2024 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 April 2018 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the February 2024 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 39 NEEDWOOD CLOSE be worth now?

39 NEEDWOOD CLOSE might now be worth an estimated £206,525.

This is based on house price inflation of 12.2%, between February 2024 and April 2026, for terraced houses, in the Wolverhampton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.2% inflationary increase is applied to the most recent sale price for 39 NEEDWOOD CLOSE of £184,000 on 9th February 2024. For the value to have increased from £184,000 to £206,525 over the one year and ten months to April 2026, the following assumptions must hold true:

• The value of 39 NEEDWOOD CLOSE has moved in line with the HPI for terraced houses in the Wolverhampton local authority area.
• The February 2024 sale price of £184,000 represented a fair market value for the property.
• The size, condition, and specification of 39 NEEDWOOD CLOSE has not materially changed since February 2024.

How Large is 39 NEEDWOOD CLOSE?

39 NEEDWOOD CLOSE is 98m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the smallest 40% of terraced houses houses in Wolverhampton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wolverhampton, and where 39 NEEDWOOD CLOSE lies on this distribution: 38% of terraced houses houses are smaller than 39 NEEDWOOD CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

39 NEEDWOOD CLOSE: Plot and Title Map

39 NEEDWOOD CLOSE sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 39 NEEDWOOD 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 39 NEEDWOOD 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 39 NEEDWOOD CLOSE?

39 NEEDWOOD CLOSE is located in WOLVERHAMPTON, in the WV2 postcode district. The below map shows the position of No. 39 on NEEDWOOD CLOSE.