diff --git a/packages/components/CHANGELOG.md b/packages/components/CHANGELOG.md
index 31ff26cd34b837..00c1aea07ed14c 100644
--- a/packages/components/CHANGELOG.md
+++ b/packages/components/CHANGELOG.md
@@ -22,6 +22,7 @@
 
 ### Internal
 
+-   `useControlledValue`: let TypeScript infer the return type ([#46164](https://github.com/WordPress/gutenberg/pull/46164))
 -   `LinkedButton`: remove unnecessary `span` tag ([#46063](https://github.com/WordPress/gutenberg/pull/46063))
 -   NumberControl: refactor styles/tests/stories to TypeScript, replace fireEvent with user-event ([#45990](https://github.com/WordPress/gutenberg/pull/45990)).
 -   `useBaseField`: Convert to TypeScript ([#45712](https://github.com/WordPress/gutenberg/pull/45712)).
diff --git a/packages/components/src/utils/hooks/use-controlled-value.ts b/packages/components/src/utils/hooks/use-controlled-value.ts
index 5a3824d465c07c..bb7f3aea805c99 100644
--- a/packages/components/src/utils/hooks/use-controlled-value.ts
+++ b/packages/components/src/utils/hooks/use-controlled-value.ts
@@ -22,7 +22,7 @@ export function useControlledValue< T >( {
 	defaultValue,
 	onChange,
 	value: valueProp,
-}: Props< T > ): [ T | undefined, ( value: T ) => void ] {
+}: Props< T > ) {
 	const hasValue = typeof valueProp !== 'undefined';
 	const initialValue = hasValue ? valueProp : defaultValue;
 	const [ state, setState ] = useState( initialValue );
@@ -40,5 +40,5 @@ export function useControlledValue< T >( {
 		setValue = setState;
 	}
 
-	return [ value, setValue ];
+	return [ value, setValue as typeof setState ] as const;
 }