According to the public record, 138, Merridale Road, Wolverhampton is a period freehold house with 1,033 ft2 of internal area and sits on a 345 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Merridale Road, Wolverhampton, WV3 is located in the borough of City of Wolverhampton within the WV3 postal district.
138, Merridale Road, Wolverhampton has a single entry in the Land Registry database from August 2011 and a single entry in the EPC database dated July 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 138 Merridale Road Wolverhampton as £268,565 and the rental value as £989 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 138 Merridale Road Wolverhampton has increased by £532 (0.2%) and its rental value has increased by £45 per month (4.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 138, Merridale Road, Wolverhampton is in very good condition we estimate a sale value of £281,993 and rental value of £1,038 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £249,765 and a rental value of £919 per month.
If you were able to purchase this property for the estimated value of £268,565, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,320 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 138, Merridale Road, Wolverhampton sits on a plot of 345m2.
We have plot size data on 7 out of 13 other houses in the postcode and 138, Merridale Road, Wolverhampton sits on the 6th largest plot.
According to HM Land Registry, 138, Merridale Road, Wolverhampton was last sold on 23 Aug 2011 for £130,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2011, the market for similar properties has risen 62.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 138, Merridale Road, Wolverhampton within a radius of 580 metres over the last 2 years.
The most recent example is 7, Gamesfield Green, Wolverhampton, WV3 9RA, a Freehold house which sold for £257,500 in Sep 2023.
Read more about house prices in WV3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merridale Road, Wolverhampton, WV3 has a total of 349 addresses. According to our analysis of all the public data, 138, Merridale Road, Wolverhampton is the 48th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £77k more expensive than the average property in WV3.
138, Merridale Road, Wolverhampton has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Jul 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 138, Merridale Road, Wolverhampton is Wolverhampton station which is 2.2 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 138, Merridale Road, Wolverhampton, 54.4% of property is privately owned outright and 34.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 138, Merridale Road, Wolverhampton, 21.7% of residents are recorded as possessing school level qualifications and 44.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 138, Merridale Road, Wolverhampton, the average age was 45.1 and the most common age was 47.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 138, Merridale Road, Wolverhampton, 2.3% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 138, Merridale Road, Wolverhampton, there are an average of 1.6 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.