Palma Lodge Mill Lane

    PALMA LODGE, MILL LANE, CODSALL, WOLVERHAMPTON, WV8 1EG

    This detached freehold property on Mill Lane last sold in May 2021 for £980,000. Based on price growth in the WV8 district since then, its estimated current value is £1,113,199 — placing it in the 97th percentile nationally and the 100th percentile within WV8. The property covers 309 m² (3,326 sq ft), giving an estimated value of £3,603 per m². The EPC rating is C, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    3,326 sq ft

    309 m²

    Last Sale Price

    £980,000

    May 2021

    Estimated Valuation

    £1,113,199

    Est. £/sq ft

    £335/sq ft

    £3,603/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms10
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area3,326 sq ft (309 m²)
    EPC dateNov 2014
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    20 May 2021

    £980,000

    19 Oct 2015

    £775,000

    18 Jan 2005

    £625,000

    Key Metrics

    Estimated valuation£1,113,199
    Value per sq ft / m²£335/sq ft (£3,603/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    WV8 district percentile100th percentile
    National percentile97th percentile

    District Context — WV8

    WV8 covers Wolverhampton's south-western suburbs, including areas like Tettenhall and Compton. It is a largely residential district with a mix of established family homes and commuter appeal.

    Average Property Price - WV8

    £340,023

    54

    National percentile

    Average Net Household Income - WV8

    £37,343

    46

    National percentile

    10-Year Annualised Price Growth - WV8

    4.8%

    86

    National percentile

    10-Year Annualised Rent Growth - WV

    4.8%

    92

    National percentile

    View full analysis for WV8

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