7, RIVERSIDE GARDENS, WOLVERHAMPTON, WV8 1GL - £480,000

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.

7 RIVERSIDE GARDENS is a very large extended detached house of 186m², built sometime between 1991 and 1995, which could now be worth an estimated £527,940. It was last sold for £480,000 in June 2022, which was around 21% above the average June 2022 detached price in the South Staffordshire local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

7 RIVERSIDE GARDENS Sold Prices

Land registry data shows two sales for 7 RIVERSIDE GARDENS 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 7 RIVERSIDE GARDENS 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
2022 24 JUN	£480,000	£397,045	21% above HPI
2002 27 FEB	£222,500	£142,643	56% above HPI

7 RIVERSIDE GARDENS 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 7 RIVERSIDE GARDENS sales from February 2002 and June 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 February 2002 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the June 2022 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 7 RIVERSIDE GARDENS be worth now?

7 RIVERSIDE GARDENS might now be worth an estimated £527,940.

This is based on house price inflation of 10%, between June 2022 and June 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 10% inflationary increase is applied to the most recent sale price for 7 RIVERSIDE GARDENS of £480,000 on 24th June 2022. For the value to have increased from £480,000 to £527,940 over the three years to June 2025, the following assumptions must hold true:

• The value of 7 RIVERSIDE GARDENS has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The June 2022 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RIVERSIDE GARDENS has not materially changed since June 2022.

How Large is 7 RIVERSIDE GARDENS?

7 RIVERSIDE GARDENS is 186m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 10% of detached houses houses in Bilbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bilbrook, and where 7 RIVERSIDE GARDENS lies on this distribution: 95% of detached houses houses are smaller than 7 RIVERSIDE GARDENS, and 5% of houses are larger. Note that EPC data is not available for all properties in Bilbrook.

7 RIVERSIDE GARDENS: Plot and Title Map

7 RIVERSIDE GARDENS sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 7 RIVERSIDE GARDENS, 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 7 RIVERSIDE GARDENS). 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 7 RIVERSIDE GARDENS?

7 RIVERSIDE GARDENS is located in WOLVERHAMPTON, in the WV8 postcode district. The below map shows the position of No. 7 on RIVERSIDE GARDENS.