5, FOREST WAY, WALSALL, WS6 6HU - £297,000

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.

5 FOREST WAY is a large extended detached house of 116m², built sometime between 1983 and 1990, which could now be worth an estimated £341,880. It was last sold for £297,000 in September 2021, which was around 21% below the average September 2021 detached price in the South Staffordshire local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

5 FOREST WAY Sold Prices

Land registry data shows two sales for 5 FOREST WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. Both of the two 5 FOREST WAY 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
2021 27 SEP	£297,000	£374,690	21% below HPI
2007 25 JUL	£210,550	£269,348	22% below HPI

5 FOREST WAY 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 two 5 FOREST WAY sales from July 2007 and September 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 July 2007 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the September 2021 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 5 FOREST WAY be worth now?

5 FOREST WAY might now be worth an estimated £341,880.

This is based on house price inflation of 15.1%, between September 2021 and February 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 15.1% inflationary increase is applied to the most recent sale price for 5 FOREST WAY of £297,000 on 27th September 2021. For the value to have increased from £297,000 to £341,880 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 FOREST WAY has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The September 2021 sale price of £297,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FOREST WAY has not materially changed since September 2021.

How Large is 5 FOREST WAY?

5 FOREST WAY is 116m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the largest 40% of detached houses houses in Great Wyrley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Wyrley, and where 5 FOREST WAY lies on this distribution: 64% of detached houses houses are smaller than 5 FOREST WAY, and 36% of houses are larger. Note that EPC data is not available for all properties in Great Wyrley.

5 FOREST WAY: Plot and Title Map

5 FOREST WAY sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 5 FOREST 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 5 FOREST 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 5 FOREST WAY?

5 FOREST WAY is located in WALSALL, in the WS6 postcode district. The below map shows the position of No. 5 on FOREST WAY.