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Property Price Trends
Birkdale Close, Wolverhampton, West Midlands
WV1 2LP City of Wolverhampton District (B)
What are the historical property price trends?
Explore the yearly trends in property prices for the WV1 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
WV1
Most Expensive Property
£380,000
23 Park Road West, WV1 4PN
Sold: 16 February 2024
Cheapest Property
£50,000
Wrekin View 17 Waterloo Road, WV1 4QQ
Sold: 06 March 2024
£209,000
The average house price in Wolverhampton was £209,000 in November 2024 (provisional), up slightly 1.5% from November 2023. This was lower than the rise in the West Midlands (3.7%) over the same period.
£824
Private rents rose to an average of £824 in December 2024, an annual increase of 10.7% from £744 in December 2023. This was higher than the rise in the West Midlands (8.7%) over the year.
£185,000
The average price paid by first-time buyers was £185,000 in November 2024 (provisional). This was 1.9% higher than the average of £182,000 in November 2023 (revised).
£214,000
For homes bought with a mortgage, the average house price was £214,000 in November 2024 (provisional). This was 1.4% higher than the average of £211,000 in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (Wolverhampton, E08000031). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in WV1 2LP?
The graph below shows the five-year capital growth figures for properties for the WV1 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in WV1 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in West Midlands?
Homebuyers
For homebuyers in the West Midlands, the property market is currently showing steady growth in house prices. According to the latest data, areas such as Birmingham (B1, B15) and Solihull (B91, B93) are experiencing an increase in property prices, making them popular choices for those looking to purchase a home. The availability of housing stock in these areas is limited, driving up demand and prices. It's important for homebuyers to act quickly and make competitive offers in order to secure their desired property. Overall, the West Midlands property market offers a promising investment opportunity for homebuyers looking to settle in vibrant urban areas or leafy suburbs.
Renters
For renters in the West Midlands, the rental market is competitive but offers a variety of options across different price ranges. Areas such as Coventry (CV1, CV5) and Wolverhampton (WV1, WV6) have a good supply of rental properties, catering to a diverse range of budgets and preferences. Rent prices in these areas have remained relatively stable, providing renters with affordable options compared to other regions in the UK. However, popular areas such as Edgbaston (B15) and Harborne (B17) may have higher rental prices due to their desirable locations. Overall, the West Midlands rental market offers flexibility and choice for renters looking for their next home.
Investors
For investors in the West Midlands, the property market presents a lucrative opportunity for capital growth and rental income. Areas such as Dudley (DY1, DY3) and Walsall (WS1, WS3) offer affordable housing stock with the potential for high rental yields. The steady increase in property prices in Birmingham (B1, B16) and Sutton Coldfield (B72, B74) also make them attractive options for investors looking to expand their portfolio. With a strong demand for rental properties in urban areas and growing suburbs, investors can take advantage of the West Midlands' thriving rental market. Overall, the region offers a diverse range of investment opportunities for those looking to capitalize on the property market.
Homebuyers
For homebuyers in the West Midlands, the property market is currently showing steady growth in house prices. According to the latest data, areas such as Birmingham (B1, B15) and Solihull (B91, B93) are experiencing an increase in property prices, making them popular choices for those looking to purchase a home. The availability of housing stock in these areas is limited, driving up demand and prices. It's important for homebuyers to act quickly and make competitive offers in order to secure their desired property. Overall, the West Midlands property market offers a promising investment opportunity for homebuyers looking to settle in vibrant urban areas or leafy suburbs.
Renters
For renters in the West Midlands, the rental market is competitive but offers a variety of options across different price ranges. Areas such as Coventry (CV1, CV5) and Wolverhampton (WV1, WV6) have a good supply of rental properties, catering to a diverse range of budgets and preferences. Rent prices in these areas have remained relatively stable, providing renters with affordable options compared to other regions in the UK. However, popular areas such as Edgbaston (B15) and Harborne (B17) may have higher rental prices due to their desirable locations. Overall, the West Midlands rental market offers flexibility and choice for renters looking for their next home.
Investors
For investors in the West Midlands, the property market presents a lucrative opportunity for capital growth and rental income. Areas such as Dudley (DY1, DY3) and Walsall (WS1, WS3) offer affordable housing stock with the potential for high rental yields. The steady increase in property prices in Birmingham (B1, B16) and Sutton Coldfield (B72, B74) also make them attractive options for investors looking to expand their portfolio. With a strong demand for rental properties in urban areas and growing suburbs, investors can take advantage of the West Midlands' thriving rental market. Overall, the region offers a diverse range of investment opportunities for those looking to capitalize on the property market.
Last updated on 30 Apr 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for WV1 2LP
Estimated yield for property investors
4.93%
Yield
The estimated yield for the WV1 2LP postcode area is 4.93%, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in WV1 2LP?
The recently sold properties table lists homes around WV1 2LP that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 16 November 2023 | £207,000 | 153 Deans Road, Eastfield, Wolverhampton, WV1 2BQ | Semi-Detached | Freehold |
| 21 July 2023 | £135,000 | 101 Deansfield Road, Eastfield, Wolverhampton, WV1 2JZ | Terraced | Freehold |
| 31 January 2024 | £60,000 | 26 Julian Road, Wolverhampton, WV1 2PH | Flat/Maisonette | Leasehold |
| 08 March 2024 | £164,500 | 104 Old Heath Road, Wolverhampton, WV1 2SA | Semi-Detached | Freehold |
Nearby sold properties | ||||
| 22 November 2022 | £113,333 | Canal House 110 Lock Street, Wolverhampton, WV1 1JJ | Semi-Detached | Freehold |
| 28 March 2022 | £110,000 | 4 Albion Street, Wolverhampton, WV1 3EB | Flat/Maisonette | Leasehold |
| 30 November 2023 | £120,000 | 41 Bright Street, Wolverhampton, WV1 4AT | Terraced | Freehold |
| 16 February 2024 | £380,000 | 23 Park Road West, Wolverhampton, WV1 4PN | Detached | Freehold |
| 06 March 2024 | £50,000 | Wrekin View 17 Waterloo Road, Wolverhampton, WV1 4QQ | Flat/Maisonette | Leasehold |
| 03 November 2023 | £185,000 | 70 Sherwood Street, Wolverhampton, WV1 4RQ | Terraced | Freehold |
| 17 October 2023 | £165,000 | 7 Lower Vauxhall, Wolverhampton, WV1 4SP | Terraced | Freehold |
Please note that house prices for properties sold in and around WV1 2LP during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
