According to the public record, 18, Larches Lane, Wolverhampton is a period leasehold house with 1,905 ft2 of internal area and sits on a 356 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Larches Lane, Wolverhampton, WV3 is located in the borough of City of Wolverhampton within the WV3 postal district.
18, Larches Lane, Wolverhampton has a single entry in the Land Registry database from January 2009 and a single entry in the EPC database dated March 2023.
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 18 Larches Lane Wolverhampton as £271,746 and the rental value as £1,240 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 18 Larches Lane Wolverhampton has decreased by £1,956 (0.7%) and its rental value has increased by £45 per month (3.6%).
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 18, Larches Lane, Wolverhampton is in very good condition we estimate a sale value of £285,334 and rental value of £1,302 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £252,724 and a rental value of £1,153 per month.
If you were able to purchase this property for the estimated value of £271,746, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,336 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, 18, Larches Lane, Wolverhampton sits on a plot of 356m2.
We have plot size data on 35 out of 46 other houses in the postcode and 18, Larches Lane, Wolverhampton sits on the 5th largest plot.
According to HM Land Registry, 18, Larches Lane, Wolverhampton was last sold on 21 Jan 2009 for £80,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2009, the market for similar properties has risen 65.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Larches Lane, Wolverhampton within a radius of 430 metres over the last 2 years.
The most recent example is 8, Crawford Road, Wolverhampton, WV3 9QU, a Freehold house which sold for £275,000 in Sep 2021.
Read more about house prices in WV3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Larches Lane, Wolverhampton, WV3 has a total of 68 addresses. According to our analysis of all the public data, 18, Larches Lane, Wolverhampton is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £80k more expensive than the average property in WV3.
18, Larches Lane, Wolverhampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Mar 2023.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 18, Larches Lane, Wolverhampton is Wolverhampton station which is 1.8 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 18, Larches Lane, Wolverhampton, 49.0% of property is privately rented and 23.2% 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 18, Larches Lane, Wolverhampton, 15.0% of residents are recorded as possessing school level qualifications and 40.6% 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 18, Larches Lane, Wolverhampton, the average age was 38.8 and the most common age was 27.
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 18, Larches Lane, Wolverhampton, 0.3% 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 18, Larches Lane, Wolverhampton, there are an average of 0.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.