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House Prices on Furnace Close, WV5 - What’s the Going Rate?
Get an in-depth perspective on Furnace Close in Wolverhampton, with comparisons to the wider neighborhood and the Wolverhampton of Wolverhampton overall.
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Associated Postcodes:
WV5 0PB
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House Prices > Wolverhampton > WV5 > Furnace Close
Street’s Property Overview
Core Facts about Property Prices in Furnace Close
- Furnace Close has seen 8 transactions since 2021, with houses selling for an average of £277,400. The average size of these properties is 835 square feet, equating to £336 per square foot.
- The transaction values of properties on Furnace Close have spanned from £215,000 to £350,000, with price per square foot fluctuating between £285 and £458.
- The last home sold on Furnace Close was in April 2024.
Housing Costs vs Nearby Areas
How Furnace Close Stands vs Surrounding Areas Prices
By Locality
Wombourne
Wombourne residential values are 6% reduced compared to Furnace Close. (£260,000 vs £277,400) This demonstrates that a comparable home elsewhere in Wombourne might cost £17,400 less than one on Furnace Close.
By Sector
WV5 0
Slice about 1% off your budget by choosing Furnace Close over pricier sector streets. (£279,600 vs £277,400). Thus, picking Furnace Close over another sector street could shave off approximately £2,200 from your costs.
By District
i.e. WV5
Buying a home in the WV5 district could set you back approximately 11% more than purchasing on Furnace Close. (£306,600 vs £277,400). With this price gap, a similar home on Furnace Close could be around £29,200 cheaper than one elsewhere in the same district.
By City or Town
i.e. Wolverhampton
In comparison to Furnace Close, Wolverhampton has average property prices that are 9% higher. (£302,000 vs £277,400). To put this into perspective, a home on Furnace Close might come in at £24,700 less than an equivalent in Wolverhampton.
Additional Road Rundown
Beyond Property Prices: More Facts About Furnace Close
- Across this peaceful lane are 37 homes, all officially recognised under just one postcode.
- Furnace Close is composed solely of pre-existing homes, with no newly built dwellings included.
- Properties on Furnace Close have a current average EPC rating of 61 (D) and could potentially achieve a rating of 81 (B).
- The average floor space on Furnace Close is a generous 835 square feet, which is 9% above the local average in Wolverhampton.
- Properties here are resold more frequently – every 11 months – while most WV5 roads take closer to 12.8 months.
Home Hunting Made Easy
What to Know Before Buying in Wolverhampton
In Wolverhampton, some homes don’t hang around for long. These articles show you where and why that keeps happening.
Furthermore, head to the House Prices in Wolverhampton page for market figures, and check the Wolverhampton blog for area-specific advice.
Area Highlights to See
WV5 Area Overview
No dramatic sales pitches, no overused adjectives – just a gently witty, well-structured summary of what WV5 has been up to lately, and why it might be worth your attention.
223
No. of Roads
1,498
No. of Transactions
£400K
Avg. Property Price
1,070
per sq/ft
Avg. Property Size
£298
per sq/ft
Avg. Cost Per Sq/Ft
Local Roads to Wander
Similar Streets You Might Enjoy
WV5 Roads with Similar Prices
- The Meadlands
- Corns Grove
- Billy Buns Lane
- Ounsdale Crescent
- Fox Close
- Kings Arms Court
Roads Near Furnace Close
- Woodhill Close
- Copper Beech Drive
- Sytch Lane
- Battlefield Hill
- Glendale Drive
- Chestnut Drive
