7, VERNON CLOSE, ESSINGTON, WOLVERHAMPTON, WV11 2TG - £186,000

7 VERNON CLOSE is a small detached house of 103m², built sometime between 1983 and 1990. It was last sold for £186,000 in March 2011, which was around 28% below the average March 2011 detached price in the South Staffordshire local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was C.

7 VERNON CLOSE Sold Prices

Land registry data shows two sales for 7 VERNON CLOSE 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 VERNON CLOSE 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
2011 25 MAR	£186,000	£257,964	28% below HPI
1995 27 JAN	£68,000	£89,395	24% below HPI

7 VERNON CLOSE 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 VERNON CLOSE sales from January 1995 and March 2011 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 January 1995 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the March 2011 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 7 VERNON CLOSE?

7 VERNON CLOSE is 103m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 40% of detached houses in Essington, based on EPC data. The below chart shows the distribution of detached houses by size in Essington, and where 7 VERNON CLOSE lies on this distribution: 35% of detached houses are smaller than 7 VERNON CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Essington.

7 VERNON CLOSE: Plot and Title Map

7 VERNON CLOSE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 7 VERNON CLOSE, 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 VERNON CLOSE). 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 VERNON CLOSE?

7 VERNON CLOSE is located in ESSINGTON, in the WV11 postcode district. The below map shows the position of No. 7 on VERNON CLOSE.