31, LUTLEY CLOSE, WOLVERHAMPTON, WV3 7EX - £240,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

31 LUTLEY CLOSE is a small extended detached house of 95m², built sometime between 1991 and 1995, which could now be worth an estimated £352,446. It was last sold for £240,000 in July 2018, which was around 3% above the average July 2018 detached price in the Wolverhampton local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

31 LUTLEY CLOSE Sold Prices

Land registry data shows one sale for 31 LUTLEY CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Wolverhampton local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 13 JUL	£240,000	£233,240	3% above HPI

What might 31 LUTLEY CLOSE be worth now?

31 LUTLEY CLOSE might now be worth an estimated £352,446.

This is based on house price inflation of 46.9%, between July 2018 and April 2026, for detached houses, in the Wolverhampton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 46.9% inflationary increase is applied to the most recent sale price for 31 LUTLEY CLOSE of £240,000 on 13th July 2018. For the value to have increased from £240,000 to £352,446 over the eight years and three months to April 2026, the following assumptions must hold true:

• The value of 31 LUTLEY CLOSE has moved in line with the HPI for detached houses in the Wolverhampton local authority area.
• The July 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 31 LUTLEY CLOSE has not materially changed since July 2018.

How Large is 31 LUTLEY CLOSE?

31 LUTLEY CLOSE is 95m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% of detached houses in Wolverhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Wolverhampton, and where 31 LUTLEY CLOSE lies on this distribution: 35% of detached houses are smaller than 31 LUTLEY CLOSE, and 64% of detached houses are larger. Note that EPC data is not available for all properties in Wolverhampton.

31 LUTLEY CLOSE: Plot

31 LUTLEY CLOSE sits on a plot of roughly 0.147 of an acre, or 594m².

Where is 31 LUTLEY CLOSE?

31 LUTLEY CLOSE is located in WOLVERHAMPTON, in the WV3 postcode district.