8, GROVE LANE, WOLVERHAMPTON, WV6 8NJ - £475,000

8 GROVE LANE is a large detached house of 138m², built sometime between 1976 and 1982. It was last sold for £475,000 in March 2023, which was around 45% above the average March 2023 detached price in the Wolverhampton local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was C.

8 GROVE LANE Sold Prices

Land registry data shows two sales for 8 GROVE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. Both of the two 8 GROVE LANE 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
2023 31 MAR	£475,000	£327,221	45% above HPI
2014 7 FEB	£295,000	£188,695	56% above HPI

8 GROVE LANE 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 two 8 GROVE LANE sales from February 2014 and March 2023 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 2014 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the March 2023 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is 8 GROVE LANE?

8 GROVE LANE is 138m² according to the EPC inspection conducted in April 2022. This puts it in the largest 30% 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 GROVE LANE lies on this distribution: 75% of detached houses are smaller than 8 GROVE LANE, and 25% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

8 GROVE LANE: Plot and Title Map

8 GROVE LANE sits on a plot of roughly 0.155 of an acre, or 627m². The below map shows the location of 8 GROVE LANE, 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 GROVE LANE). 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 GROVE LANE?

8 GROVE LANE is located in WOLVERHAMPTON, in the WV6 postcode district. The below map shows the position of No. 8 on GROVE LANE.