65, FORGE VALLEY WAY, WOMBOURNE, WOLVERHAMPTON, WV5 8JR - £265,000

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.

65 FORGE VALLEY WAY is a small extended detached house of 101m², built sometime between 1967 and 1975, which could now be worth an estimated £340,089. It was last sold for £265,000 in November 2019, which was around 21% below the average November 2019 detached price in the South Staffordshire local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

65 FORGE VALLEY WAY Sold Prices

Land registry data shows two sales for 65 FORGE VALLEY 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 65 FORGE VALLEY 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
2019 15 NOV	£265,000	£336,080	21% below HPI
2015 5 MAY	£180,000	£269,097	33% below HPI

65 FORGE VALLEY 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 65 FORGE VALLEY WAY sales from May 2015 and November 2019 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 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2019 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 65 FORGE VALLEY WAY be worth now?

65 FORGE VALLEY WAY might now be worth an estimated £340,089.

This is based on house price inflation of 28.3%, between November 2019 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 28.3% inflationary increase is applied to the most recent sale price for 65 FORGE VALLEY WAY of £265,000 on 15th November 2019. For the value to have increased from £265,000 to £340,089 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 65 FORGE VALLEY WAY has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The November 2019 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 65 FORGE VALLEY WAY has not materially changed since November 2019.

How Large is 65 FORGE VALLEY WAY?

65 FORGE VALLEY WAY is 101m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 40% of detached houses houses in Wombourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wombourne, and where 65 FORGE VALLEY WAY lies on this distribution: 38% of detached houses houses are smaller than 65 FORGE VALLEY WAY, and 60% of houses are larger. Note that EPC data is not available for all properties in Wombourne.

65 FORGE VALLEY WAY: Plot and Title Map

65 FORGE VALLEY WAY sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 65 FORGE VALLEY 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 65 FORGE VALLEY 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 65 FORGE VALLEY WAY?

65 FORGE VALLEY WAY is located in WOMBOURNE, in the WV5 postcode district. The below map shows the position of No. 65 on FORGE VALLEY WAY.