Millfields Way - WV5 8JG
Key Postcode Insights
WV5 8JG is a residential postcode situated on Millfields Way, Wombourne, Wolverhampton, WV5 with 15 addresses.
It ranks as the 267th largest and 69th 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 15 properties: 15 houses.
- Ave. Sale Price
- £250,273
- 10 Year change
- up 52.9%
- Ave. Rental Price
- £1,164pcm
- 10 Year change
- up 67.5%
- Ave. £ per ft²
- £339/ft²
- Ave. Gross Yield
- 5.6%/year/yr
Key Postcode Insights
WV5 8JG is a residential postcode situated on Millfields Way, Wombourne, Wolverhampton, WV5 with 15 addresses.
It ranks as the 267th largest and 69th 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 15 properties: 15 houses.
- Ave. Sale Price
- £250,273
- 10 Year change
- up 52.9%
- Ave. Rental Price
- £1,164pcm
- 10 Year change
- up 67.5%
- Ave. £ per ft²
- £339/ft²
- Ave. Gross Yield
- 5.6%/year/yr
Explore Propertiesin WV5 8JG
- 61 Millfields Way
House
- 63 Millfields Way
3 Bed Mid-century House
- 65 Millfields Way
House
- 67 Millfields Way
3 Bed Mid-century House
- 69 Millfields Way
House
Sales Market Trends
The last sale in WV5 8JG sold for £305,000 on 17th October 2023. Since then prices are up an average of 3.6%.
The current average value in the postcode is £250,273.
The WV5 8JG Sales Market has increased by 52.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.8% | £250,273 |
| June 2025 | 2.5% | £243,401 |
| June 2024 | -2.3% | £237,375 |
| June 2023 | 4.4% | £242,889 |
| June 2022 | 11.4% | £232,580 |
| June 2021 | 5.7% | £208,790 |
| June 2020 | 2.8% | £197,546 |
| June 2019 | 5.3% | £192,073 |
| June 2018 | 4.2% | £182,428 |
| June 2017 | 7% | £175,094 |
| June 2016 | 8% | £163,659 |
| June 2015 | -5.1% | £151,476 |
| June 2014 | 11% | £159,700 |
| June 2013 | 1.4% | £143,855 |
| June 2012 | -2.8% | £141,821 |
| June 2011 | -1% | £145,918 |
| June 2010 | 4.3% | £147,354 |
| June 2009 | -3.1% | £141,327 |
| June 2008 | -4.3% | £145,843 |
| June 2007 | 0% | £152,465 |
Rental Market Trends
The current average rental value in the postcode is £1,164.
The WV5 8JG Rental Market has increased by 67.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.7% | £1,164pcm |
| June 2025 | 7.3% | £1,112pcm |
| June 2024 | 7.1% | £1,036pcm |
| June 2023 | 7.2% | £968pcm |
| June 2022 | 8.5% | £903pcm |
| June 2021 | 7.1% | £832pcm |
| June 2020 | 2.9% | £777pcm |
| June 2019 | 3.4% | £755pcm |
| June 2018 | 1.2% | £730pcm |
| June 2017 | 3.8% | £721pcm |
| June 2016 | 3.1% | £695pcm |
| June 2015 | 2.1% | £674pcm |
| June 2014 | 3.7% | £660pcm |
| June 2013 | -1% | £637pcm |
| June 2012 | 1.3% | £644pcm |
| June 2011 | 3% | £635pcm |
| June 2010 | 3.4% | £617pcm |
| June 2009 | -6.9% | £597pcm |
| June 2008 | 4.2% | £641pcm |
| June 2007 | 0% | £615pcm |
Sales History
The last sale was on 17th October 2023 for £305,000 and since then the market in the area has increased by 3.6%. The postcode has had a total of 28 sales since 1995.
WV5 8JG has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Oct 2023£305,000 | 3 Bed House63, Millfields Way, Wolverhampton, WV5 8JG63, Millfields Way, Wolverhampton, WV5 8JG
- Sold Sep 2022£188,000 | 2 Bed House87, Millfields Way, Wolverhampton, WV5 8JG87, Millfields Way, Wolverhampton, WV5 8JG
- Sold Mar 2022£190,000 | 2 Bed House89, Millfields Way, Wolverhampton, WV5 8JG89, Millfields Way, Wolverhampton, WV5 8JG
- Sold Nov 2020£163,000 | 2 Bed House89, Millfields Way, Wolverhampton, WV5 8JG89, Millfields Way, Wolverhampton, WV5 8JG
- Sold Apr 2018£154,950 | 3 Bed House67, Millfields Way, Wolverhampton, WV5 8JG67, Millfields Way, Wolverhampton, WV5 8JG
Nearby Postcodes
WV5 8JG is the 267th largest and the 69th most expensive postcode out of the 453 postcodes in the WV5 area.
- WV5 8JW, Rushwater Close, Wombourne, Wolverhampton, WV5WV5 8JW14 Addresses|33 m away
- WV5 8JY, Birch Coppice, Wombourne, Wolverhampton, WV5WV5 8JY7 Addresses|52 m away
- WV5 8JL, The Paddock, Wombourne, Wolverhampton, WV5WV5 8JL9 Addresses|84 m away
- WV5 8JX, Forge Leys, Wombourne, Wolverhampton, WV5WV5 8JX10 Addresses|93 m away
- WV5 8JN, Green Meadow Close, Wombourne, Wolverhampton, WV5WV5 8JN15 Addresses|96 m away
Property Types
- 2 modern houses built after 1980
- 6 mid-century houses built between 1936 and 1979
- 2 houses of an unknown age
- 5 other addresses of unknown type
- modern house (2)
- mid-century house (6)
- house (2)
- Unknown (5)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 8 properties.
- The most common rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (3)
- G (0)
- D (5)
- No EPC (7)
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 School600 m away
- Blakeley Heath Primary School1.0 km away
- Westfield Primary School1.0 km away
- Wombourne High School900 m away
- Summerhill School4.2 km away
- Kingswinford Academy4.3 km away
More reading links
Public Transport Nearby
The closest station to WV5 8JG is Coseley station, which is 8.3 kilometres away.
- Coseley|8.3 km away
- Wolverhampton|8.7 km away
- Stourbridge Town|9.3 km away
- Tipton|9.4 km away
