6, WATERMEADOW DRIVE, SHELFIELD, WALSALL, WS4 1TA - £224,000

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.

6 WATERMEADOW DRIVE is a small extended detached house of 96m², built sometime between 1996 and 2002, which could now be worth an estimated £292,485. It was last sold for £224,000 in May 2020, which was around 15% below the average May 2020 detached price in the Walsall local authority area. The most recent EPC inspection was January 2017, where the current energy rating was C, and the potential energy rating was B.

6 WATERMEADOW DRIVE Sold Prices

Land registry data shows three sales for 6 WATERMEADOW 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 Walsall local authority area for the corresponding sale date. All of the three 6 WATERMEADOW 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
2020 11 MAY	£224,000	£263,597	15% below HPI
2005 3 MAR	£183,000	£190,098	4% below HPI
2000 19 MAY	£87,950	£95,687	8% below HPI

6 WATERMEADOW DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Walsall local authority area over time, sourced from the HPI. The three 6 WATERMEADOW DRIVE sales between May 2000 and May 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 March 2005 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2020 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 6 WATERMEADOW DRIVE be worth now?

6 WATERMEADOW DRIVE might now be worth an estimated £292,485.

This is based on house price inflation of 30.6%, between May 2020 and March 2025, for detached houses, in the Walsall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.6% inflationary increase is applied to the most recent sale price for 6 WATERMEADOW DRIVE of £224,000 on 11th May 2020. For the value to have increased from £224,000 to £292,485 over the five years and two months to March 2025, the following assumptions must hold true:

• The value of 6 WATERMEADOW DRIVE has moved in line with the HPI for detached houses in the Walsall local authority area.
• The May 2020 sale price of £224,000 represented a fair market value for the property.
• The size, condition, and specification of 6 WATERMEADOW DRIVE has not materially changed since May 2020.

How Large is 6 WATERMEADOW DRIVE?

6 WATERMEADOW DRIVE is 96m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the smallest 40% of detached houses houses in Shelfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shelfield, and where 6 WATERMEADOW DRIVE lies on this distribution: 33% of detached houses houses are smaller than 6 WATERMEADOW DRIVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Shelfield.

6 WATERMEADOW DRIVE: Plot and Title Map

6 WATERMEADOW DRIVE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 6 WATERMEADOW 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 6 WATERMEADOW 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 6 WATERMEADOW DRIVE?

6 WATERMEADOW DRIVE is located in SHELFIELD, in the WS4 postcode district. The below map shows the position of No. 6 on WATERMEADOW DRIVE.