5, NEEDWOOD CLOSE, WOLVERHAMPTON, WV2 4PP - £81,250

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.

5 NEEDWOOD CLOSE is a detached house, which could now be worth an estimated £287,934. It was last sold for £81,250 in July 2001, which was around 16% below the average July 2001 detached price in the Wolverhampton local authority area.

5 NEEDWOOD CLOSE Sold Prices

Land registry data shows two sales for 5 NEEDWOOD CLOSE 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 5 NEEDWOOD 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
2001 9 JUL	£81,250	£96,653	16% below HPI
1997 26 MAR	£60,000	£68,649	13% below HPI

What might 5 NEEDWOOD CLOSE be worth now?

5 NEEDWOOD CLOSE might now be worth an estimated £287,934.

This is based on house price inflation of 254.4%, between July 2001 and April 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 254.4% inflationary increase is applied to the most recent sale price for 5 NEEDWOOD CLOSE of £81,250 on 9th July 2001. For the value to have increased from £81,250 to £287,934 over the 25 years and three months to April 2026, the following assumptions must hold true:

• The value of 5 NEEDWOOD CLOSE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The July 2001 sale price of £81,250 represented a fair market value for the property.
• The size, condition, and specification of 5 NEEDWOOD CLOSE has not materially changed since July 2001.

Where is 5 NEEDWOOD CLOSE?

5 NEEDWOOD CLOSE is located in WOLVERHAMPTON, in the WV2 postcode district.