Area Guide For Wolverhampton

Not the most glamorous or coveted of neighbourhoods, but Wolverhampton may not be as bad as you might think. The city started off as a market town before the industrial revolution transformed it with major mining and production operations. Major products leaving the city included steel items, locks and a multitude of vehicles, and the area still holds true to its history with the engineering industry. Given all this, it’s no surprise that the area isn’t exactly posh or desirable, but it would be unfair to discount it altogether. Property prices are consequently not as high here either though, and the city, struggling to leave behind the not so bright past, has a motto which reads, “Out of darkness cometh light”. 


Wolverhampton Map

Estimated Price: £171,939
Average Asking Price: £199,480
Price change in last one year: £4,104
Average Price Paid: £152,759
Average Rent Rates: £804


Property Prices Breakdown in Wolverhampton

Average Price for property in Wolverhampton is around £171,939 which varies based on type of property you are interested in and ranges from £288,516 for detached house to around £146,488 for semi-detached. Similarly terraced house is around £112,962 and a flat is worth £105,278. Values have been changing and have risen £57 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,238 in last 6 months, £4,104 in last 1 year, £14,535 in last 2 years, £16,597 in last 3 years, £12,168 in last 4 years and £12,172 in last 5 years.

Currently average asking price of a property in Wolverhampton is around £199,480 based on approximately 2,437 properties for sale. Same is the case with rental options based on 671 properties up for rent, average asking rent is around £804 per month.

Estimated property value in Wolverhampton is £171,939. Average asking price is £199,480 while average price paid is £160,027 which is up by £4,104 and Avg. asking rent £804.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Wolverhampton area. In last 1 year alone average price buyer paid is around £160,027 based on approximately 2,437 sales in Wolverhampton area alone. If you compare it to last 3 years sales of 7,298 properties where buyers paid around £154,854. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £152,759 for 11,507 and average amount paid for purchase of approx. 15,754 properties sold in last 7 years comes to about £152,855 per sale.


Properties For Sale in Wolverhampton


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £101,624, £136,220 for a 2 bedroom house, £161,660 for a 3 bedroom house, £298,605 for a 4 bedroom house and £420,206 for a 5 bedroom house. For a flat similarly the prices varies from £71,483 for a single bedroom to £109,541 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £93,239. To sum up the asking prices for properties in Wolverhampton it comes to around average £74,977 for 1 bedroom property, £125,861 for 2 bedroom, £160,744 for 3 bedroom, £298,605 for 4 bedroom and £420,206 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £396 for 1 bedroom to £564 for 2 bedrooms, £595 for 3 bedrooms, £777 for 4 bedrooms and £907 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £407. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £533, £509 for 3 bedroom and £511 for 4 bedroom. You should be generally be expecting around average £405 rent per month for single bedroom property, £544 for 2 bedroom, £589 for 3 bedroom, £771 for 4 bedroom and approximately £907 for a 5 bedroom property in Wolverhampton area.

Popular Houses in Wolverhampton

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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