8, ELWELLS CLOSE, BILSTON, WV14 9YH - £225,000

8 ELWELLS CLOSE is a small detached house of 95m², built sometime between 1996 and 2002. It was last sold for £225,000 in February 2019, which was around 8% below the average February 2019 detached price in the Wolverhampton local authority area. The most recent EPC inspection was December 2018, where the current energy rating was C, and the potential energy rating was B.

8 ELWELLS CLOSE Sold Prices

Land registry data shows three sales for 8 ELWELLS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. Two of the three 8 ELWELLS CLOSE sales were for below the average price, whilst one was 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
2019 18 FEB	£225,000	£244,344	8% below HPI
2014 14 APR	£215,000	£187,310	15% above HPI
2001 3 AUG	£96,000	£102,066	6% below HPI

8 ELWELLS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wolverhampton local authority area over time, sourced from the HPI. The three 8 ELWELLS CLOSE sales between August 2001 and February 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 April 2014 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the February 2019 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 8 ELWELLS CLOSE?

8 ELWELLS CLOSE is 95m² according to the EPC inspection conducted in December 2018. This puts it in the smallest 40% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 8 ELWELLS CLOSE lies on this distribution: 36% of detached houses are smaller than 8 ELWELLS CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

8 ELWELLS CLOSE: Plot and Title Map

8 ELWELLS CLOSE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 8 ELWELLS 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 8 ELWELLS 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 8 ELWELLS CLOSE?

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