UPPER FLAT, 54, RICHES STREET, WOLVERHAMPTON, WV6 0DR - £77,500

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.

UPPER FLAT is a very large flat of 89m², built sometime between 1900 and 1929, which could now be worth an estimated £115,770. It was last sold for £77,500 in March 2005, which was around 2% above the average March 2005 flat price in the Wolverhampton local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

UPPER FLAT Sold Prices

Land registry data shows two sales for UPPER FLAT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Wolverhampton local authority area for the corresponding sale date. Both of the two UPPER FLAT 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
2005 11 MAR	£77,500	£75,742	2% above HPI
1999 30 SEP	£36,575	£30,139	21% above HPI

What might UPPER FLAT be worth now?

UPPER FLAT might now be worth an estimated £115,770.

This is based on house price inflation of 49.4%, between March 2005 and May 2026, for flats, in the Wolverhampton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 49.4% inflationary increase is applied to the most recent sale price for UPPER FLAT of £77,500 on 11th March 2005. For the value to have increased from £77,500 to £115,770 over the twenty years and ten months to May 2026, the following assumptions must hold true:

• The value of UPPER FLAT has moved in line with the HPI for flats in the Wolverhampton local authority area.
• The March 2005 sale price of £77,500 represented a fair market value for the property.
• The size, condition, and specification of UPPER FLAT has not materially changed since March 2005.

How Large is UPPER FLAT?

UPPER FLAT is 89m² according to the EPC inspection conducted in February 2017. This puts it in the largest 10% of flats in Wolverhampton, based on EPC data. 95% of flats are smaller than UPPER FLAT, and 4% of flats are larger. Note that EPC data is not available for all properties in Wolverhampton.

UPPER FLAT: Plot

UPPER FLAT sits on a plot of roughly 0.043 of an acre, or 175m².