56, SEVERN DRIVE, WOLVERHAMPTON, WV6 7QL - £237,500

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.

56 SEVERN DRIVE is a very small detached house of 75m², built sometime between 1991 and 1995, which could now be worth an estimated £274,365. It was last sold for £237,500 in January 2022, which was around 39% below the average January 2022 detached price in the South Staffordshire local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

56 SEVERN DRIVE Sold Prices

Land registry data shows three sales for 56 SEVERN DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. All of the three 56 SEVERN DRIVE 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
2022 21 JAN	£237,500	£390,829	39% below HPI
2001 14 SEP	£76,000	£142,229	47% below HPI
2000 18 JAN	£25,628	£117,339	78% below HPI

56 SEVERN DRIVE 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 three 56 SEVERN DRIVE sales between January 2000 and January 2022 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 2001 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the January 2022 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 56 SEVERN DRIVE be worth now?

56 SEVERN DRIVE might now be worth an estimated £274,365.

This is based on house price inflation of 15.5%, between January 2022 and April 2026, 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 15.5% inflationary increase is applied to the most recent sale price for 56 SEVERN DRIVE of £237,500 on 21st January 2022. For the value to have increased from £237,500 to £274,365 over the three years and nine months to April 2026, the following assumptions must hold true:

• The value of 56 SEVERN DRIVE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The January 2022 sale price of £237,500 represented a fair market value for the property.
• The size, condition, and specification of 56 SEVERN DRIVE has not materially changed since January 2022.

How Large is 56 SEVERN DRIVE?

56 SEVERN DRIVE is 75m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% of detached houses houses in Perton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Perton, and where 56 SEVERN DRIVE lies on this distribution: 17% of detached houses houses are smaller than 56 SEVERN DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Perton.

56 SEVERN DRIVE: Plot and Title Map

56 SEVERN DRIVE sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 56 SEVERN DRIVE, 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 56 SEVERN DRIVE). 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 56 SEVERN DRIVE?

56 SEVERN DRIVE is located in WOLVERHAMPTON, in the WV6 postcode district. The below map shows the position of No. 56 on SEVERN DRIVE.