According to the public record, 4, Spruce Way, Wolverhampton is a mid-century leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Spruce Way, Wolverhampton, WV3 is located in the borough of City of Wolverhampton within the WV3 postal district.
4, Spruce Way, Wolverhampton has 21 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated March 2014.
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 4 Spruce Way Wolverhampton as £144,442 and the rental value as £672 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 4 Spruce Way Wolverhampton has increased by £2,079 (1.4%) and its rental value has increased by £38 per month (5.6%).
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 4, Spruce Way, Wolverhampton is in very good condition we estimate a sale value of £151,664 and rental value of £706 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £134,331 and a rental value of £625 per month.
If you were able to purchase this property for the estimated value of £144,442, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £710 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, 4, Spruce Way, Wolverhampton was last sold on 11 Aug 2022 for £150,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2022, the market for similar properties has risen 1.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Spruce Way, Wolverhampton within a radius of 620 metres over the last 2 years.
The most recent example is 9, Spruce Way, Wolverhampton, WV3 9EZ, a Leasehold flat which sold for £139,950 in Jul 2023.
Read more about house prices in WV3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spruce Way, Wolverhampton, WV3 has a total of 12 addresses. According to our analysis of all the public data, 4, Spruce Way, Wolverhampton is the 5th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £47k less expensive than the average property in WV3.
4, Spruce Way, Wolverhampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 31 Mar 2014.
The property is connected to mains gas and has single glazeddouble glazing. It is heated using a boiler and radiators.
The closest station to 4, Spruce Way, Wolverhampton is Wolverhampton station which is 3.4 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 4, Spruce Way, Wolverhampton, 47.7% of property is privately owned outright and 38.6% 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 4, Spruce Way, Wolverhampton, 15.5% of residents are recorded as possessing school level qualifications and 37.8% 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 4, Spruce Way, 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 4, Spruce Way, Wolverhampton, 2.2% 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 4, Spruce Way, Wolverhampton, there are an average of 1.3 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.