Millfields Way - WV5 8HP
Key Postcode Insights
WV5 8HP is a residential postcode situated on Millfields Way, Wombourne, Wolverhampton, WV5 with 29 addresses.
It ranks as the 385th largest and 63rd most expensive of the 453 postcodes in the WV5 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 29 properties: 24 houses and 5 flats.
- Ave. Sale Price
- £213,898
- 10 Year change
- up 50.3%
- Ave. Rental Price
- £1,074pcm
- 10 Year change
- up 64.7%
- Ave. £ per ft²
- £305/ft²
- Ave. Gross Yield
- 6.0%/year/yr
Key Postcode Insights
WV5 8HP is a residential postcode situated on Millfields Way, Wombourne, Wolverhampton, WV5 with 29 addresses.
It ranks as the 385th largest and 63rd most expensive of the 453 postcodes in the WV5 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 29 properties: 24 houses and 5 flats.
- Ave. Sale Price
- £213,898
- 10 Year change
- up 50.3%
- Ave. Rental Price
- £1,074pcm
- 10 Year change
- up 64.7%
- Ave. £ per ft²
- £305/ft²
- Ave. Gross Yield
- 6.0%/year/yr
Explore Propertiesin WV5 8HP
- 15 Millfields Way
House
- 17 Millfields Way
3 Bed House
- 19 Millfields Way
House
- 21 Millfields Way
3 Bed Mid-century House
- 23 Millfields Way
3 Bed Modern House
Sales Market Trends
The last sale in WV5 8HP sold for £180,000 on 25th July 2025. Since then prices are up an average of 3.4%.
The current average value in the postcode is £213,898.
The WV5 8HP Sales Market has increased by 50.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.1% | £213,898 |
| June 2025 | 2.4% | £207,503 |
| June 2024 | -1.8% | £202,590 |
| June 2023 | 4.2% | £206,293 |
| June 2022 | 11.3% | £198,069 |
| June 2021 | 5.2% | £177,948 |
| June 2020 | 3% | £169,221 |
| June 2019 | 5% | £164,255 |
| June 2018 | 3.6% | £156,400 |
| June 2017 | 6.1% | £150,965 |
| June 2016 | 7.7% | £142,322 |
| June 2015 | -5.5% | £132,160 |
| June 2014 | 10.7% | £139,798 |
| June 2013 | 1.3% | £126,303 |
| June 2012 | -3.2% | £124,633 |
| June 2011 | -1.8% | £128,817 |
| June 2010 | 3.2% | £131,155 |
| June 2009 | -4.8% | £127,056 |
| June 2008 | -4.9% | £133,400 |
| June 2007 | 0% | £140,210 |
Rental Market Trends
The current average rental value in the postcode is £1,074.
The WV5 8HP Rental Market has increased by 64.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 5% | £1,074pcm |
| June 2025 | 7.2% | £1,023pcm |
| June 2024 | 7.6% | £955pcm |
| June 2023 | 7% | £887pcm |
| June 2022 | 8.4% | £829pcm |
| June 2021 | 6.5% | £765pcm |
| June 2020 | 3.1% | £719pcm |
| June 2019 | 3.2% | £697pcm |
| June 2018 | 0.6% | £675pcm |
| June 2017 | 2.9% | £671pcm |
| June 2016 | 2.8% | £652pcm |
| June 2015 | 1.6% | £634pcm |
| June 2014 | 3.4% | £624pcm |
| June 2013 | -1.1% | £604pcm |
| June 2012 | 0.8% | £610pcm |
| June 2011 | 2.1% | £605pcm |
| June 2010 | 2.4% | £593pcm |
| June 2009 | -8.4% | £579pcm |
| June 2008 | 3.6% | £632pcm |
| June 2007 | 0% | £610pcm |
Sales History
The last sale was on 25th July 2025 for £180,000 and since then the market in the area has increased by 3.4%. The postcode has had a total of 60 sales since 1995.
WV5 8HP has seen 2 sales in the last three years and 1 sale in the last twelve months.
- Sold Jul 2025£180,000 | 2 Bed House38, Millfields Way, Wolverhampton, WV5 8HP38, Millfields Way, Wolverhampton, WV5 8HP
- Sold May 2025£199,950 | 2 Bed House28, Millfields Way, Wolverhampton, WV5 8HP28, Millfields Way, Wolverhampton, WV5 8HP
- Sold Nov 2022£125,000 | 2 Bed House29, Millfields Way, Wolverhampton, WV5 8HP29, Millfields Way, Wolverhampton, WV5 8HP
- Sold Feb 2021£82,000 | 2 Bed House37, Millfields Way, Wolverhampton, WV5 8HP37, Millfields Way, Wolverhampton, WV5 8HP
- Sold Jan 2021£204,000 | 3 Bed House41, Millfields Way, Wolverhampton, WV5 8HP41, Millfields Way, Wolverhampton, WV5 8HP
Nearby Postcodes
WV5 8HP is the 385th largest and the 63rd most expensive postcode out of the 453 postcodes in the WV5 area.
- WV5 8JD, Lanes Close, Wombourne, Wolverhampton, WV5WV5 8JD8 Addresses|54 m away
- WV5 8JB, The Shales, Wombourne, Wolverhampton, WV5WV5 8JB4 Addresses|67 m away
- WV5 8HN, Longford Close, Wombourne, Wolverhampton, WV5WV5 8HN19 Addresses|89 m away
- WV5 8JA, Foley Grove, Wombourne, Wolverhampton, WV5WV5 8JA33 Addresses|101 m away
- WV5 8HT, Swinford Leys, Wombourne, Wolverhampton, WV5WV5 8HT25 Addresses|109 m away
Property Types
- 1 modern house built after 1980
- 8 mid-century houses built between 1936 and 1979
- 3 mid-century flats built between 1936 and 1979
- 6 houses of an unknown age
- 11 other addresses of unknown type
- modern house (1)
- mid-century house (8)
- mid-century flat (3)
- house (6)
- Unknown (11)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 14 properties.
- The most common rating is D.
- A (0)
- E (2)
- B (0)
- F (0)
- C (3)
- G (0)
- D (9)
- No EPC (15)
Top 3 Most Expensive Sales
- Sold Sep 2017£515,000 | 5 Bed House2, Millfields Way, Wolverhampton, WV5 8HA2, Millfields Way, Wolverhampton, WV5 8HA
- Sold Jul 2025£499,995 | 4 Bed House9, Millfields Way, Wolverhampton, WV5 8HA9, Millfields Way, Wolverhampton, WV5 8HA
- Sold Feb 2026£490,000 | 4 Bed House6, Millfields Way, Wolverhampton, WV5 8HA6, Millfields Way, Wolverhampton, WV5 8HA
Schools Nearby
- St Bernadette's Catholic Primary School800 m away
- Blakeley Heath Primary School1.1 km away
- Westfield Primary School1.2 km away
- Wombourne High School1.1 km away
- Summerhill School4.1 km away
- Kingswinford Academy4.2 km away
More reading links
Public Transport Nearby
The closest station to WV5 8HP is Coseley station, which is 8.4 kilometres away.
- Coseley|8.4 km away
- Wolverhampton|8.9 km away
- Stourbridge Town|9.2 km away
- Tipton|9.6 km away
