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House Prices on Rees Drive, WV5 - What’s the Going Rate?
Discover valuable information about Rees Drive in Wolverhampton on this page, and understand how it stacks up against the rest of the area and Wolverhampton in general.
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Associated Postcodes:
WV5 9DR
What should homes sell for on Rees Drive?
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House Prices > Wolverhampton > WV5 > Rees Drive
Street’s Property Overview
Exploring Property Prices on Rees Drive
- Rees Drive has seen 4 sales since 2021, with an average price per property of £518,500. The homes typically span 1,047 square feet, giving £408 per square foot.
- Sales on Rees Drive have realised prices from £270,000 to £1,400,000, with per-square-foot rates moving across £207 to £1,600.
- November 2022 represents the final property sale on Rees Drive.
Property Costs in Context
Rees Drive Homes vs Surrounding Areas Prices
By Locality
Wombourne
The typical cost of a property in Wombourne sits 51% below that of Rees Drive. (£255,600 vs £518,500) Thus, picking Wombourne instead of Rees Drive could cut your housewarming bill by £262,900.
By Sector
WV5 9
Looking at averages, a property in the WV5 9 sector could cost 50% less than one on Rees Drive. (£261,300 vs £518,500) For the same size home, living on Rees Drive might set you back an extra £257,200.
By District
i.e. WV5
Stretch your budget further - the WV5 district costs around 47% less than Rees Drive. (£273,400 vs £518,500). Therefore, a buyer on Rees Drive might find themselves spending an extra £245,100 compared to the WV5 district.
By City or Town
i.e. Wolverhampton
On balance, homes in Wolverhampton are more budget-friendly, averaging 62% less than those in Rees Drive. (£196,000 vs £518,500). If keeping costs in check, opting for another part of Wolverhampton might just save you £322,300 outright.
Quick Notes on the Road
Everything Else You Should Know About Rees Drive
- The road has 18 properties sharing 2 postcodes.
- Rees Drive has no homes that were built as new-build properties.
- On Rees Drive, the average current EPC rating for properties is 67 (D), with a potential to increase to 74 (C).
- The typical residence on Rees Drive measures 1,047 square feet, 12% greater than homes across Wolverhampton.
- This street’s property market runs hotter than most – with homes reselling every 22 months versus 12.06 months elsewhere in WV5.
City Property Trends
Local Market Insights for Wolverhampton
Local markets can be oddly lopsided. These reads explore what Wolverhampton gets right, where it drifts, and how it compares to the rest of the country.
For full transparency, our Property Prices in Wolverhampton section includes yearly figures, district comparisons, and home type insights.
Area Highlights to See
Unpacking WV5: Insights & Info
Curious about WV5’s recent shifts, from sale prices to neighbourhood energy? You’re in the right place.
225
No. of Roads
1,605
No. of Transactions
£300K
Avg. Property Price
1,056
per sq/ft
Avg. Property Size
£284
per sq/ft
Avg. Cost Per Sq/Ft
Roads Close By to Know
Other Roads You Might Like
WV5 Roads with Similar Prices
- Bramblewood
- Post Office Road
- Woodford Lane
- Clap Gate Road
- Richmond Gardens
- Waterbridge Lane
Roads Near Rees Drive
- Lear Road
- Victoria Grove
- Ounsdale Crescent
- Wood Road
- Churchward Grove
- Connaught Drive
