2, GROVE LANE, WOLVERHAMPTON, WV6 8NJ - £355,000

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.

2 GROVE LANE is a very large detached house of 179m², built sometime between 1976 and 1982, which could now be worth an estimated £675,140. It was last sold for £355,000 in May 2014, which was around 96% above the average May 2014 detached price in the Wolverhampton local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

2 GROVE LANE Sold Prices

Land registry data shows one sale for 2 GROVE LANE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 15 MAY	£355,000	£180,787	96% above HPI

What might 2 GROVE LANE be worth now?

2 GROVE LANE might now be worth an estimated £675,140.

This is based on house price inflation of 90.2%, between May 2014 and May 2026, for 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 90.2% inflationary increase is applied to the most recent sale price for 2 GROVE LANE of £355,000 on 15th May 2014. For the value to have increased from £355,000 to £675,140 over the twelve years to May 2026, the following assumptions must hold true:

• The value of 2 GROVE LANE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The May 2014 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GROVE LANE has not materially changed since May 2014.

How Large is 2 GROVE LANE?

2 GROVE LANE is 179m² according to the EPC inspection conducted in May 2013. This puts it in the largest 20% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 2 GROVE LANE lies on this distribution: 88% of detached houses are smaller than 2 GROVE LANE, and 12% of detached houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

2 GROVE LANE: Plot

2 GROVE LANE sits on a plot of roughly 0.144 of an acre, or 583m².

Where is 2 GROVE LANE?

2 GROVE LANE is located in WOLVERHAMPTON, in the WV6 postcode district.