5, GROVE LANE, WOLVERHAMPTON, WV6 8NH - £256,000

5 GROVE LANE is a midsized extended detached house of 102m², built sometime before 1900. It was last sold for £256,000 in August 2015, which was around 30% above the average August 2015 detached price in the Wolverhampton local authority area. The most recent EPC inspection was September 2011, where the current energy rating was F, and the potential energy rating was F.

5 GROVE LANE Sold Prices

Land registry data shows three sales for 5 GROVE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. All of the three 5 GROVE LANE 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
2015 4 AUG	£256,000	£197,203	30% above HPI
2015 20 MAY	£255,000	£192,870	32% above HPI
2014 6 JUN	£315,000	£189,789	66% above HPI

5 GROVE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wolverhampton local authority area over time, sourced from the HPI. The three 5 GROVE LANE sales between June 2014 and August 2015 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 May 2015 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the August 2015 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 5 GROVE LANE?

5 GROVE LANE is 102m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the smallest 50% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 5 GROVE LANE lies on this distribution: 45% of detached houses are smaller than 5 GROVE LANE, and 55% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

5 GROVE LANE: Plot and Title Map

5 GROVE LANE sits on a plot of roughly 0.200 of an acre, or 809m². The below map shows the location of 5 GROVE LANE, 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 GROVE LANE). 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 GROVE LANE?

5 GROVE LANE is located in WOLVERHAMPTON, in the WV6 postcode district. The below map shows the position of No. 5 on GROVE LANE.