748, PARKFIELD ROAD, WOLVERHAMPTON, WV4 6EE - £50,000

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.

748 PARKFIELD ROAD is a very small flat of 41m², built sometime between 1967 and 1975, which could now be worth an estimated £66,095. It was last sold for £50,000 in October 2018, which was around 42% below the average October 2018 flat price in the Wolverhampton local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

748 PARKFIELD ROAD Sold Prices

Land registry data shows four sales for 748 PARKFIELD ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the Wolverhampton local authority area for the corresponding sale date. All of the four 748 PARKFIELD ROAD 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
2018 4 OCT	£50,000	£85,592	42% below HPI
2009 27 FEB	£52,000	£76,362	32% below HPI
2003 18 JUL	£55,000	£58,744	6% below HPI
1996 31 JAN	£25,000	£26,406	5% below HPI

What might 748 PARKFIELD ROAD be worth now?

748 PARKFIELD ROAD might now be worth an estimated £66,095.

This is based on house price inflation of 32.2%, between October 2018 and May 2026, for flats, in the Wolverhampton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.2% inflationary increase is applied to the most recent sale price for 748 PARKFIELD ROAD of £50,000 on 4th October 2018. For the value to have increased from £50,000 to £66,095 over the eight years and five months to May 2026, the following assumptions must hold true:

• The value of 748 PARKFIELD ROAD has moved in line with the HPI for flats in the Wolverhampton local authority area.
• The October 2018 sale price of £50,000 represented a fair market value for the property.
• The size, condition, and specification of 748 PARKFIELD ROAD has not materially changed since October 2018.

How Large is 748 PARKFIELD ROAD?

748 PARKFIELD ROAD is 41m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 10% of flats in Wolverhampton, based on EPC data. 10% of flats are smaller than 748 PARKFIELD ROAD, and 89% of flats are larger. Note that EPC data is not available for all properties in Wolverhampton.

748 PARKFIELD ROAD: Plot

748 PARKFIELD ROAD sits on a plot of roughly 0.926 of an acre, or 3,748m².

Where is 748 PARKFIELD ROAD?

748 PARKFIELD ROAD is located in WOLVERHAMPTON, in the WV4 postcode district.