4, FARRAN DRIVE, CODSALL, WOLVERHAMPTON, WV8 1FA - £499,995

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.

4 FARRAN DRIVE is a large detached house of 153m², which could now be worth an estimated £639,905. It was last sold for £499,995 in October 2020, which was around 47% above the average October 2020 detached price in the South Staffordshire local authority area. The most recent EPC inspection was September 2017, where the current energy rating was B, and the potential energy rating was A.

4 FARRAN DRIVE Sold Prices

Land registry data shows three sales for 4 FARRAN DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. All of the three 4 FARRAN DRIVE 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
2020 30 OCT	£499,995	£341,219	47% above HPI
2020 8 OCT	£450,000	£341,219	32% above HPI
2018 15 NOV	£450,000	£324,157	39% above HPI

4 FARRAN DRIVE 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 three 4 FARRAN DRIVE sales between November 2018 and October 2020 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 October 2020 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the October 2020 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 4 FARRAN DRIVE be worth now?

4 FARRAN DRIVE might now be worth an estimated £639,905.

This is based on house price inflation of 28%, between October 2020 and June 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 28% inflationary increase is applied to the most recent sale price for 4 FARRAN DRIVE of £499,995 on 30th October 2020. For the value to have increased from £499,995 to £639,905 over the five years and four months to June 2025, the following assumptions must hold true:

• The value of 4 FARRAN DRIVE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The October 2020 sale price of £499,995 represented a fair market value for the property.
• The size, condition, and specification of 4 FARRAN DRIVE has not materially changed since October 2020.

How Large is 4 FARRAN DRIVE?

4 FARRAN DRIVE is 153m² according to the EPC inspection conducted in September 2017. This puts it in the largest 30% of detached houses houses in Codsall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Codsall, and where 4 FARRAN DRIVE lies on this distribution: 74% of detached houses houses are smaller than 4 FARRAN DRIVE, and 24% of houses are larger. Note that EPC data is not available for all properties in Codsall.

4 FARRAN DRIVE: Plot and Title Map

4 FARRAN DRIVE sits on a plot of roughly 20.2 acres, or 81,871m². The below map shows the location of 4 FARRAN DRIVE, 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 4 FARRAN DRIVE). 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 4 FARRAN DRIVE?

4 FARRAN DRIVE is located in CODSALL, in the WV8 postcode district. The below map shows the position of No. 4 on FARRAN DRIVE.