According to the public record, 62, Park Road East, Wolverhampton is a period freehold house with 1,356 ft2 of internal area and sits on a 232 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Park Road East, Wolverhampton, WV1 is located in the borough of City of Wolverhampton within the WV1 postal district.
62, Park Road East, Wolverhampton has a single entry in the Land Registry database from November 2015 and a single entry in the EPC database dated October 2015.
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 62 Park Road East Wolverhampton as £305,063 and the rental value as £1,084 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 62 Park Road East Wolverhampton has increased by £1,173 (0.4%) and its rental value has increased by £49 per month (4.5%).
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 62, Park Road East, Wolverhampton is in very good condition we estimate a sale value of £320,317 and rental value of £1,138 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £283,709 and a rental value of £1,008 per month.
If you were able to purchase this property for the estimated value of £305,063, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,499 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, 62, Park Road East, Wolverhampton sits on a plot of 232m2.
We have plot size data on 10 out of 14 other houses in the postcode and 62, Park Road East, Wolverhampton sits on the 6th largest plot.
According to HM Land Registry, 62, Park Road East, Wolverhampton was last sold on 11 Nov 2015 for £185,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2015, the market for similar properties has risen 47.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 62, Park Road East, Wolverhampton within a radius of 480 metres over the last 2 years.
The most recent example is 60, Park Road East, Wolverhampton, WV1 4QB, a Freehold house which sold for £150,000 in Oct 2022.
Read more about house prices in WV1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Road East, Wolverhampton, WV1 has a total of 40 addresses. According to our analysis of all the public data, 62, Park Road East, Wolverhampton is the 23rd largest and the 16th most expensive property on the street.
When compared to the postcode district it is £113k more expensive than the average property in WV1.
62, Park Road East, Wolverhampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Oct 2015.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 62, Park Road East, Wolverhampton is Wolverhampton station which is 1.4 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 62, Park Road East, Wolverhampton, 46.1% of property is privately rented and 23.6% 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 62, Park Road East, Wolverhampton, 20.9% of residents are recorded as possessing school level qualifications and 32.2% 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 62, Park Road East, 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 62, Park Road East, Wolverhampton, 0.9% 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 62, Park Road East, 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.