41, MILLFIELDS WAY, WOMBOURNE, WOLVERHAMPTON, WV5 8HP - £204,000

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.

41 MILLFIELDS WAY is a very small extended terraced house of 61m², built sometime between 1976 and 1982, which could now be worth an estimated £245,805. It was last sold for £204,000 in January 2021, which was around 8% above the average January 2021 terraced price in the South Staffordshire local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

41 MILLFIELDS WAY Sold Prices

Land registry data shows three sales for 41 MILLFIELDS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the South Staffordshire local authority area for the corresponding sale date. Two of the three 41 MILLFIELDS WAY sales were for above the average price, whilst one was 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
2021 22 JAN	£204,000	£188,724	8% above HPI
2016 16 SEP	£165,000	£153,792	7% above HPI
2006 1 DEC	£120,000	£135,260	11% below HPI

41 MILLFIELDS WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Staffordshire local authority area over time, sourced from the HPI. The three 41 MILLFIELDS WAY sales between December 2006 and January 2021 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 September 2016 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the January 2021 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 41 MILLFIELDS WAY be worth now?

41 MILLFIELDS WAY might now be worth an estimated £245,805.

This is based on house price inflation of 20.5%, between January 2021 and June 2025, for terraced 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 20.5% inflationary increase is applied to the most recent sale price for 41 MILLFIELDS WAY of £204,000 on 22nd January 2021. For the value to have increased from £204,000 to £245,805 over the three years and seven months to June 2025, the following assumptions must hold true:

• The value of 41 MILLFIELDS WAY has moved in line with the HPI for terraced houses in the South Staffordshire local authority area.
• The January 2021 sale price of £204,000 represented a fair market value for the property.
• The size, condition, and specification of 41 MILLFIELDS WAY has not materially changed since January 2021.

How Large is 41 MILLFIELDS WAY?

41 MILLFIELDS WAY is 61m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of terraced houses houses in Wombourne, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wombourne, and where 41 MILLFIELDS WAY lies on this distribution: 4% of terraced houses houses are smaller than 41 MILLFIELDS WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

41 MILLFIELDS WAY: Plot and Title Map

41 MILLFIELDS WAY sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 41 MILLFIELDS WAY, 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 41 MILLFIELDS WAY). 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 41 MILLFIELDS WAY?

41 MILLFIELDS WAY is located in WOMBOURNE, in the WV5 postcode district. The below map shows the position of No. 41 on MILLFIELDS WAY.