51, SPRINGFIELD LANE, WOLVERHAMPTON, WV10 6PG - £205,000

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.

51 SPRINGFIELD LANE is a very small terraced house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £269,137. It was last sold for £205,000 in August 2020, which was around 57% above the average August 2020 terraced price in the Wolverhampton local authority area. The most recent EPC inspection was August 2013, where the current energy rating was E, and the potential energy rating was B.

51 SPRINGFIELD LANE Sold Prices

Land registry data shows four sales for 51 SPRINGFIELD LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Wolverhampton local authority area for the corresponding sale date. All of the four 51 SPRINGFIELD 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
2020 28 AUG	£205,000	£130,265	57% above HPI
2013 22 FEB	£142,000	£97,313	46% above HPI
2007 7 DEC	£147,000	£113,883	29% above HPI
2003 28 NOV	£117,500	£74,625	57% above HPI

51 SPRINGFIELD LANE 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 four 51 SPRINGFIELD LANE sales between November 2003 and August 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 February 2013 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the August 2020 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 51 SPRINGFIELD LANE be worth now?

51 SPRINGFIELD LANE might now be worth an estimated £269,137.

This is based on house price inflation of 31.3%, between August 2020 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 31.3% inflationary increase is applied to the most recent sale price for 51 SPRINGFIELD LANE of £205,000 on 28th August 2020. For the value to have increased from £205,000 to £269,137 over the five years and two months to June 2025, the following assumptions must hold true:

• The value of 51 SPRINGFIELD LANE has moved in line with the HPI for terraced houses in the Wolverhampton local authority area.
• The August 2020 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 51 SPRINGFIELD LANE has not materially changed since August 2020.

How Large is 51 SPRINGFIELD LANE?

51 SPRINGFIELD LANE is 68m² according to the EPC inspection conducted in August 2013. 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 51 SPRINGFIELD LANE lies on this distribution: 8% of terraced houses houses are smaller than 51 SPRINGFIELD LANE, and 92% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

51 SPRINGFIELD LANE: Plot and Title Map

51 SPRINGFIELD LANE sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of 51 SPRINGFIELD 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 51 SPRINGFIELD 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 51 SPRINGFIELD LANE?

51 SPRINGFIELD LANE is located in WOLVERHAMPTON, in the WV10 postcode district. The below map shows the position of No. 51 on SPRINGFIELD LANE.