According to the public record, 89, Mill Lane, Wolverhampton is a modern freehold house with 1,076 ft2 of internal area and sits on a 153 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mill Lane, Tettenhall Wood, Wolverhampton, WV6 is located in the borough of City of Wolverhampton within the WV6 postal district.
89, Mill Lane, Wolverhampton has a single entry in the Land Registry database from April 2018 and a single entry in the EPC database dated January 2016.
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 89 Mill Lane Wolverhampton as £360,195 and the rental value as £1,309 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 89 Mill Lane Wolverhampton has decreased by £1,311 (0.4%) and its rental value has increased by £46 per month (3.5%).
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 89, Mill Lane, Wolverhampton is in very good condition we estimate a sale value of £378,205 and rental value of £1,375 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £334,982 and a rental value of £1,217 per month.
If you were able to purchase this property for the estimated value of £360,195, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,770 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, 89, Mill Lane, Wolverhampton sits on a plot of 153m2.
We have plot size data on 7 out of 13 other houses in the postcode and 89, Mill Lane, Wolverhampton sits on the 5th largest plot.
According to HM Land Registry, 89, Mill Lane, Wolverhampton was last sold on 04 Apr 2018 for £242,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2018, the market for similar properties has risen 27.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 89, Mill Lane, Wolverhampton within a radius of 720 metres over the last 2 years.
The most recent example is 2B, Dippons Drive, Wolverhampton, WV6 8HJ, a Freehold house which sold for £385,000 in Oct 2021.
Read more about house prices in WV6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Tettenhall Wood, Wolverhampton, WV6 has a total of 41 addresses. According to our analysis of all the public data, 89, Mill Lane, Wolverhampton is the 19th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £92k more expensive than the average property in WV6.
89, Mill Lane, Wolverhampton has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Jan 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 89, Mill Lane, Wolverhampton is Bilbrook station which is 3.9 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 89, Mill Lane, Wolverhampton, 55.2% of property is privately owned outright and 26.2% 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 89, Mill Lane, Wolverhampton, 11.2% of residents are recorded as possessing school level qualifications and 41.4% 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 89, Mill Lane, Wolverhampton, the average age was 44.4 and the most common age was 57.
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 89, Mill Lane, Wolverhampton, 4.0% 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 89, Mill Lane, Wolverhampton, there are an average of 1.6 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.