According to the public record, 55, Farran Drive, Wolverhampton is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,536 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Farran Drive, Codsall, Wolverhampton, WV8 is located in the borough of South Staffordshire within the WV8 postal district.
55, Farran Drive, Wolverhampton has a single entry in the Land Registry database from December 2020 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 good condition, we estimate the current sale value for 55 Farran Drive Wolverhampton as £476,464 and the rental value as £1,741 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 55 Farran Drive Wolverhampton has increased by £1,824 (0.4%) and its rental value has increased by £49 per month (2.8%).
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 55, Farran Drive, Wolverhampton is in very good condition we estimate a sale value of £500,287 and rental value of £1,828 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £443,111 and a rental value of £1,619 per month.
If you were able to purchase this property for the estimated value of £476,464, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,342 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, 55, Farran Drive, Wolverhampton was last sold on 11 Dec 2020 for £494,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2020, the market for similar properties has risen 8.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Farran Drive, Wolverhampton within a radius of 66m over the last 2 years.
The most recent example is 43, Farran Drive, Wolverhampton, WV8 1FA, a Freehold house which sold for £575,000 in Jun 2024.
Read more about house prices in WV8.
Farran Drive, Codsall, Wolverhampton, WV8 has a total of 45 addresses. According to our analysis of all the public data, 55, Farran Drive, Wolverhampton is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £189k more expensive than the average property in WV8.
The closest station to 55, Farran Drive, Wolverhampton is Codsall station which is 900 m 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 55, Farran Drive, Wolverhampton, 51.6% of property is socially rented and 20.3% is privately owned outright.
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 55, Farran Drive, Wolverhampton, 22.9% of residents are recorded as possessing school level qualifications and 16.8% 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 55, Farran Drive, Wolverhampton, the average age was 45.8 and the most common age was 52.
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 55, Farran Drive, 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 55, Farran Drive, Wolverhampton, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.