8, LAVENDER CLOSE, PENDEFORD, WOLVERHAMPTON, WV9 5SB - £145,000

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.

8 LAVENDER CLOSE is a very small semi-detached house of 60m², built sometime between 1996 and 2002, which could now be worth an estimated £218,516. It was last sold for £145,000 in June 2019, which was around 6% below the average June 2019 semi-detached price in the Wolverhampton local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

8 LAVENDER CLOSE Sold Prices

Land registry data shows four sales for 8 LAVENDER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Wolverhampton local authority area for the corresponding sale date. All of the four 8 LAVENDER 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
2019 28 JUN	£145,000	£153,468	6% below HPI
2012 11 MAY	£54,000	£117,001	54% below HPI
2003 15 AUG	£39,750	£90,336	56% below HPI
1997 14 NOV	£21,250	£44,440	52% below HPI

8 LAVENDER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Wolverhampton local authority area over time, sourced from the HPI. The four 8 LAVENDER CLOSE sales between November 1997 and June 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 May 2012 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the June 2019 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 8 LAVENDER CLOSE be worth now?

8 LAVENDER CLOSE might now be worth an estimated £218,516.

This is based on house price inflation of 50.7%, between June 2019 and May 2026, for semi-detached 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 50.7% inflationary increase is applied to the most recent sale price for 8 LAVENDER CLOSE of £145,000 on 28th June 2019. For the value to have increased from £145,000 to £218,516 over the seven years and one month to May 2026, the following assumptions must hold true:

• The value of 8 LAVENDER CLOSE has moved in line with the HPI for semi-detached houses in the Wolverhampton local authority area.
• The June 2019 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LAVENDER CLOSE has not materially changed since June 2019.

How Large is 8 LAVENDER CLOSE?

8 LAVENDER CLOSE is 60m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 10% of semi-detached houses houses in Wolverhampton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wolverhampton, and where 8 LAVENDER CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 8 LAVENDER CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

8 LAVENDER CLOSE: Plot and Title Map

8 LAVENDER CLOSE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 8 LAVENDER 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 LAVENDER 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 LAVENDER CLOSE?

8 LAVENDER CLOSE is located in PENDEFORD, in the WV9 postcode district. The below map shows the position of No. 8 on LAVENDER CLOSE.