PATCHWOOD, LITTLE GORWAY, WALSALL, WS1 3BQ - £830,000

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.

PATCHWOOD is a very large detached house of 335m², built sometime between 2003 and 2006, which could now be worth an estimated £1,066,008. It was last sold for £830,000 in December 2018, which was around 213% above the average December 2018 detached price in the Walsall local authority area. The most recent EPC inspection was June 2015, where the current energy rating was B, and the potential energy rating was B.

PATCHWOOD Sold Prices

Land registry data shows three sales for PATCHWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Walsall local authority area for the corresponding sale date. All of the three PATCHWOOD 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
2018 7 DEC	£830,000	£265,398	213% above HPI
2016 21 DEC	£737,500	£238,239	210% above HPI
2007 2 MAR	£295,000	£210,433	40% above HPI

PATCHWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Walsall local authority area over time, sourced from the HPI. The three PATCHWOOD sales between March 2007 and December 2018 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 December 2016 sale was for 210% above the HPI. So the extrapolation line tracks at 210% above the HPI over time, until the December 2018 sale, where it rises to 213% above the HPI. The line then continues to track at 213% above the HPI.

What might PATCHWOOD be worth now?

PATCHWOOD might now be worth an estimated £1,066,008.

This is based on house price inflation of 28.4%, between December 2018 and February 2025, for detached houses, in the Walsall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.4% inflationary increase is applied to the most recent sale price for PATCHWOOD of £830,000 on 7th December 2018. For the value to have increased from £830,000 to £1,066,008 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of PATCHWOOD has moved in line with the HPI for detached houses in the Walsall local authority area.
• The December 2018 sale price of £830,000 represented a fair market value for the property.
• The size, condition, and specification of PATCHWOOD has not materially changed since December 2018.

How Large is PATCHWOOD?

PATCHWOOD is 335m² according to the EPC inspection conducted in June 2015. This puts it in the largest 10% of detached houses houses in Walsall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Walsall, and where PATCHWOOD lies on this distribution: 98% of detached houses houses are smaller than PATCHWOOD, and 2% of houses are larger. Note that EPC data is not available for all properties in Walsall.

PATCHWOOD: Plot and Title Map

PATCHWOOD sits on a plot of roughly 0.201 of an acre, or 812m². The below map shows the location of PATCHWOOD, 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 PATCHWOOD). 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 PATCHWOOD?

PATCHWOOD is located on LITTLE GORWAY in WALSALL, in the WS1 postcode district. The below map shows the position of PATCHWOOD on LITTLE GORWAY.