Cursor position incorrect when wrapped virtual text property removed in CursorMoved

[puremourning]

Steps to reproduce

call prop_type_add( 'prop', #{ highlight: 'Error' } )
let g:multi_line_text = repeat( 'x', &columns * 4 )

let g:prop_id = v:null
function! Update()
  if line( '.' ) == 1
    let g:prop_id = prop_add( 1, 0, #{ type: 'prop', text_algin: 'right', text_wrap: 'wrap', text: g:multi_line_text } )
  elseif g:prop_id != v:null
    call prop_remove( #{ id: g:prop_id } )
    let g:prop_id = v:null
  endif
endfunction

autocmd CursorMoved * call Update()

• vim --clean -S test.vim test.vim
• (check the cursor is on line 1, else go to line 1) - see the virtual text is wrapped across multiple lines
• j - move the cursor down 1 line

Actual behaviour is the cursor is drawn on line 6 (though reports line 2)

Expected behaviour

Cursor is drawn on line 2.

Version of Vim

9.0.193

Environment

macOS arm64

Logs and stack traces

No response