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Lanes Close, WV5 - Current House Values & Market Shifts
Discover how sales volume and prices compare for Lanes Close in the WV5 district in Wolverhampton and nearby areas.
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Associated Postcodes:
WV5 8JD
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House Prices > Wolverhampton > WV5 > Lanes Close
Street’s Market Snapshot
Market Trends and Property Values in Lanes Close
- Lanes Close has seen 3 sales since 2021, each averaging around £175,100. The average size of these properties is 630 square feet, equating to £288 per square foot.
- On Lanes Close, home prices have zigzagged from £128,000 to £215,000, while square footage costs have drifted between £238 and £357.
- The last homecoming on Lanes Close took place in November 2023.
Price Gaps with Neighboring Zones
Price Contrast: Lanes Close and Surrounding Areas
By Locality
Wombourne
In Wombourne, expect to pay 46% more than you would on Lanes Close. (£255,600 vs £175,100) In light of this, buying on Lanes Close could keep a handy £80,600 back for decorating.
By Sector
WV5 8
The average property price in Lanes Close is 48% below that in the WV5 8 sector. (£258,400 vs £175,100). Market trends suggest that buyers choosing a home on Lanes Close may spend around £83,400 less than for a similar home elsewhere in the sector.
By District
i.e. WV5
By choosing Lanes Close over WV5, buyers could save an average of 56% on property costs. (£175,100 vs £273,400). Pricewise, Lanes Close could represent a potential saving of £98,400 versus district averages.
By City or Town
i.e. Wolverhampton
Residential properties in Wolverhampton come with a typical uplift of 12% over Lanes Close listings. (£196,000 vs £175,100). Buyers choosing Lanes Close over Wolverhampton could expect to save close to £21,200 on average.
What Else Defines This Street
More Useful Facts About Lanes Close
- With 9 properties, this road has just one postcode associated with it.
- No newly constructed homes can be found on Lanes Close.
- The current efficiency level for Lanes Close sits around 64 (D), though energy upgrades could lift it to 86 (B).
- On Lanes Close, the average residence covers 630 square feet, 46% roomier than Wolverhampton standards.
- Homes change hands here more frequently, at around 29 months, while the average in WV5 is a slower 12.06 months.
District Market Breakdowns
Where Wolverhampton Homes Sell Fast (and Why)
Your street might be a sleeper hit – or a little overrated. These neat reads help you figure out which it is, without wasting time.
Additionally, we’ve compiled year-on-year stats, price comparisons, and property breakdowns on the Wolverhampton House Prices section of our site.
Area Highlights to See
About the WV5 Area
Whether you’re considering WV5 for its investment potential, livability, or even just proximity, the section just below contains the kind of considered detail that helps make things real.
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
Local Gems to Roam
Additional Streets to Wander
WV5 Roads with Similar Prices
- Birch Hill Avenue
- Boss Gate Close
- Woden Close
- Battlefield Lane
- Battlefield Hill
- Brookside Close
Roads Near Lanes Close
- Brindley Close
- Bratch Lane
- Forge Leys
- Marlburn Way
- Monks Close
- Bloomfield Close
