According to the public record, 35, Forge Close, Wolverhampton is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 491 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Forge Close, Pendeford, Wolverhampton, WV8 is located in the borough of City of Wolverhampton within the WV8 postal district.
35, Forge Close, Wolverhampton has a single entry in the Land Registry database from May 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 35 Forge Close Wolverhampton as £115,414 and the rental value as £655 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 35 Forge Close Wolverhampton has increased by £4,473 (3.9%) and its rental value has increased by £49 per month (7.4%).
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 35, Forge Close, Wolverhampton is in very good condition we estimate a sale value of £121,185 and rental value of £688 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £107,335 and a rental value of £609 per month.
If you were able to purchase this property for the estimated value of £115,414, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £567 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 HM Land Registry, 35, Forge Close, Wolverhampton was last sold on 04 May 2007 for £96,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2007, the market for similar properties has risen 58.6%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 35, Forge Close, Wolverhampton within a radius of 259m over the last 2 years.
The most recent example is 42, Barnwood Road, Wolverhampton, WV8 1UL, a Leasehold house which sold for £72,000 in Nov 2021.
Read more about house prices in WV8.
Forge Close, Pendeford, Wolverhampton, WV8 has a total of 37 addresses. According to our analysis of all the public data, 35, Forge Close, Wolverhampton is the 36th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £172k less expensive than the average property in WV8.
The closest station to 35, Forge Close, Wolverhampton is Bilbrook station which is 2.1 km 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 35, Forge Close, Wolverhampton, 54.4% of property is socially rented and 21.1% 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 35, Forge Close, Wolverhampton, 25.2% of residents are recorded as possessing school level qualifications and 20.8% 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 35, Forge Close, Wolverhampton, the average age was 39.1 and the most common age was 62.
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 35, Forge Close, Wolverhampton, 0.0% 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 35, Forge Close, 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.