4, OAKRIDGE DRIVE, WILLENHALL, WV12 4EJ - £181,000

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.

4 OAKRIDGE DRIVE is a very small detached house of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £231,670. It was last sold for £181,000 in January 2020, which was around 33% below the average January 2020 detached price in the Walsall local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

4 OAKRIDGE DRIVE Sold Prices

Land registry data shows two sales for 4 OAKRIDGE DRIVE 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 4 OAKRIDGE DRIVE 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
2020 28 JAN	£181,000	£268,909	33% below HPI
2018 3 DEC	£163,000	£265,398	39% below HPI

4 OAKRIDGE DRIVE 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 4 OAKRIDGE DRIVE sales from December 2018 and January 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 December 2018 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the January 2020 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 4 OAKRIDGE DRIVE be worth now?

4 OAKRIDGE DRIVE might now be worth an estimated £231,670.

This is based on house price inflation of 28%, between January 2020 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 28% inflationary increase is applied to the most recent sale price for 4 OAKRIDGE DRIVE of £181,000 on 28th January 2020. For the value to have increased from £181,000 to £231,670 over the four years and ten months to March 2025, the following assumptions must hold true:

• The value of 4 OAKRIDGE DRIVE has moved in line with the HPI for detached houses in the Walsall local authority area.
• The January 2020 sale price of £181,000 represented a fair market value for the property.
• The size, condition, and specification of 4 OAKRIDGE DRIVE has not materially changed since January 2020.

How Large is 4 OAKRIDGE DRIVE?

4 OAKRIDGE DRIVE is 65m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 10% of detached houses houses in Willenhall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Willenhall, and where 4 OAKRIDGE DRIVE lies on this distribution: 6% of detached houses houses are smaller than 4 OAKRIDGE DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Willenhall.

4 OAKRIDGE DRIVE: Plot and Title Map

4 OAKRIDGE DRIVE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 4 OAKRIDGE 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 OAKRIDGE 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 OAKRIDGE DRIVE?

4 OAKRIDGE DRIVE is located in WILLENHALL, in the WV12 postcode district. The below map shows the position of No. 4 on OAKRIDGE DRIVE.