8, CHEM ROAD, BILSTON, WV14 0QY - £132,500

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.

8 CHEM ROAD is a very small terraced house of 64m², built sometime between 1930 and 1949, which could now be worth an estimated £142,468. It was last sold for £132,500 in June 2022, which was around 17% below the average June 2022 terraced price in the Wolverhampton local authority area. The most recent EPC inspection was June 2013, where the current energy rating was E, and the potential energy rating was B.

8 CHEM ROAD Sold Prices

Land registry data shows three sales for 8 CHEM ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Wolverhampton local authority area for the corresponding sale date. All of the three 8 CHEM 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
2022 23 JUN	£132,500	£159,054	17% below HPI
2005 16 SEP	£81,000	£99,190	18% below HPI
2004 18 JUN	£73,000	£84,519	14% below HPI

8 CHEM ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Wolverhampton local authority area over time, sourced from the HPI. The three 8 CHEM ROAD sales between June 2004 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 September 2005 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2022 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 8 CHEM ROAD be worth now?

8 CHEM ROAD might now be worth an estimated £142,468.

This is based on house price inflation of 7.5%, between June 2022 and June 2025, for terraced houses, in the Wolverhampton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.5% inflationary increase is applied to the most recent sale price for 8 CHEM ROAD of £132,500 on 23rd June 2022. For the value to have increased from £132,500 to £142,468 over the three years to June 2025, the following assumptions must hold true:

• The value of 8 CHEM ROAD has moved in line with the HPI for terraced houses in the Wolverhampton local authority area.
• The June 2022 sale price of £132,500 represented a fair market value for the property.
• The size, condition, and specification of 8 CHEM ROAD has not materially changed since June 2022.

How Large is 8 CHEM ROAD?

8 CHEM ROAD is 64m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 10% of terraced houses houses in Bilston, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bilston, and where 8 CHEM ROAD lies on this distribution: 3% of terraced houses houses are smaller than 8 CHEM ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Bilston.

8 CHEM ROAD: Plot and Title Map

8 CHEM ROAD sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 8 CHEM ROAD, 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 8 CHEM ROAD). 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 8 CHEM ROAD?

8 CHEM ROAD is located in BILSTON, in the WV14 postcode district. The below map shows the position of No. 8 on CHEM ROAD.