8, MARTHAM DRIVE, WOLVERHAMPTON, WV6 8AL - £226,000

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 MARTHAM DRIVE is a small extended terraced house of 86m², built sometime between 1976 and 1982, which could now be worth an estimated £298,741. It was last sold for £226,000 in February 2020, which was around 75% above the average February 2020 terraced price in the Wolverhampton local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

8 MARTHAM DRIVE Sold Prices

Land registry data shows two sales for 8 MARTHAM DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Wolverhampton local authority area for the corresponding sale date. Both of the two 8 MARTHAM DRIVE 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
2020 28 FEB	£226,000	£129,378	75% above HPI
2002 26 JUN	£128,500	£54,061	138% above HPI

8 MARTHAM DRIVE 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 two 8 MARTHAM DRIVE sales from June 2002 and February 2020 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 June 2002 sale was for 138% above the HPI. So the extrapolation line tracks at 138% above the HPI over time, until the February 2020 sale, where it falls to 75% above the HPI. The line then continues to track at 75% above the HPI.

What might 8 MARTHAM DRIVE be worth now?

8 MARTHAM DRIVE might now be worth an estimated £298,741.

This is based on house price inflation of 32.2%, between February 2020 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 32.2% inflationary increase is applied to the most recent sale price for 8 MARTHAM DRIVE of £226,000 on 28th February 2020. For the value to have increased from £226,000 to £298,741 over the four years and eight months to June 2025, the following assumptions must hold true:

• The value of 8 MARTHAM DRIVE has moved in line with the HPI for terraced houses in the Wolverhampton local authority area.
• The February 2020 sale price of £226,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MARTHAM DRIVE has not materially changed since February 2020.

How Large is 8 MARTHAM DRIVE?

8 MARTHAM DRIVE is 86m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the smallest 30% of terraced houses houses in Wolverhampton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wolverhampton, and where 8 MARTHAM DRIVE lies on this distribution: 25% of terraced houses houses are smaller than 8 MARTHAM DRIVE, and 74% of houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

8 MARTHAM DRIVE: Plot and Title Map

8 MARTHAM DRIVE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 8 MARTHAM DRIVE, 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 MARTHAM DRIVE). 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 MARTHAM DRIVE?

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