48, PARKER ROAD, WOLVERHAMPTON, WV11 2HL - £125,000

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.

48 PARKER ROAD is a very small terraced house of 71m², built sometime between 1950 and 1966, which could now be worth an estimated £174,182. It was last sold for £125,000 in June 2019, which was around 2% above the average June 2019 terraced price in the Wolverhampton local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

48 PARKER ROAD Sold Prices

Land registry data shows three sales for 48 PARKER ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Wolverhampton local authority area for the corresponding sale date. One of the three 48 PARKER ROAD sales was for above the average price, whilst two 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
2019 28 JUN	£125,000	£122,731	2% above HPI
1999 18 AUG	£34,000	£37,259	9% below HPI
1998 19 JUN	£26,500	£35,341	25% below HPI

48 PARKER ROAD 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 three 48 PARKER ROAD sales between June 1998 and June 2019 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 1999 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2019 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 48 PARKER ROAD be worth now?

48 PARKER ROAD might now be worth an estimated £174,182.

This is based on house price inflation of 39.3%, between June 2019 and June 2025, 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 39.3% inflationary increase is applied to the most recent sale price for 48 PARKER ROAD of £125,000 on 28th June 2019. For the value to have increased from £125,000 to £174,182 over the six years to June 2025, the following assumptions must hold true:

• The value of 48 PARKER ROAD has moved in line with the HPI for terraced houses in the Wolverhampton local authority area.
• The June 2019 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 48 PARKER ROAD has not materially changed since June 2019.

How Large is 48 PARKER ROAD?

48 PARKER ROAD is 71m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 10% 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 48 PARKER ROAD lies on this distribution: 10% of terraced houses houses are smaller than 48 PARKER ROAD, and 90% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

48 PARKER ROAD: Plot and Title Map

48 PARKER ROAD sits on a plot of roughly 0.041 of an acre, or 166m². The below map shows the location of 48 PARKER ROAD, 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 48 PARKER ROAD). 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 48 PARKER ROAD?

48 PARKER ROAD is located in WOLVERHAMPTON, in the WV11 postcode district. The below map shows the position of No. 48 on PARKER ROAD.