According to the public record, The Old Mill, Wolverhampton is a mid-century freehold house with 1,001 ft2 of internal area and sits on a 786 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.
The Old Mill, Wolverhampton has 2 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated July 2019.
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 The Old Mill Wolverhampton as £358,855 and the rental value as £1,334 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of The Old Mill Wolverhampton has decreased by £1,306 (0.4%) and its rental value has increased by £47 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 The Old Mill, Wolverhampton is in very good condition we estimate a sale value of £376,798 and rental value of £1,400 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £333,735 and a rental value of £1,240 per month.
If you were able to purchase this property for the estimated value of £358,855, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,764 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, The Old Mill, Wolverhampton sits on a plot of 786m2.
We have plot size data on 7 out of 13 other houses in the postcode and The Old Mill, Wolverhampton sits on the 3rd largest plot.
According to HM Land Registry, The Old Mill, Wolverhampton was last sold on 29 May 2022 for £250,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2022, the market for similar properties has dropped 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Old Mill, Wolverhampton within a radius of 680 metres over the last 2 years.
The most recent example is 2, Carisbrooke Road, Wolverhampton, WV6 7UU, a Freehold house which sold for £345,000 in Sep 2023.
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, The Old Mill, Wolverhampton is the 23rd largest and the 16th most expensive property on the street.
When compared to the postcode district it is £90k more expensive than the average property in WV6.
The Old Mill, Wolverhampton has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Jul 2019.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to The Old Mill, 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 The Old Mill, 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 The Old Mill, 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 The Old Mill, 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 The Old Mill, 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 The Old Mill, 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.