15, NEWHOUSE LANE, ALBRIGHTON, WOLVERHAMPTON, WV7 3DB - £470,000

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.

15 NEWHOUSE LANE is a very large extended detached house of 152m², built sometime before 1900, which could now be worth an estimated £612,951. It was last sold for £470,000 in February 2019, which was around 47% above the average February 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2018, where the current energy rating was F, and the potential energy rating was D.

15 NEWHOUSE LANE Sold Prices

Land registry data shows two sales for 15 NEWHOUSE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Both of the two 15 NEWHOUSE LANE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 15 FEB	£470,000	£319,967	47% above HPI
1995 26 MAY	£192,500	£84,872	127% above HPI

15 NEWHOUSE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Shropshire local authority area over time, sourced from the HPI. The two 15 NEWHOUSE LANE sales from May 1995 and February 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 1995 sale was for 127% above the HPI. So the extrapolation line tracks at 127% above the HPI over time, until the February 2019 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 15 NEWHOUSE LANE be worth now?

15 NEWHOUSE LANE might now be worth an estimated £612,951.

This is based on house price inflation of 30.4%, between February 2019 and February 2025, for detached houses, in the Shropshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.4% inflationary increase is applied to the most recent sale price for 15 NEWHOUSE LANE of £470,000 on 15th February 2019. For the value to have increased from £470,000 to £612,951 over the six years to February 2025, the following assumptions must hold true:

• The value of 15 NEWHOUSE LANE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The February 2019 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 15 NEWHOUSE LANE has not materially changed since February 2019.

How Large is 15 NEWHOUSE LANE?

15 NEWHOUSE LANE is 152m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the largest 20% of detached houses houses in Albrighton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Albrighton, and where 15 NEWHOUSE LANE lies on this distribution: 81% of detached houses houses are smaller than 15 NEWHOUSE LANE, and 19% of houses are larger. Note that EPC data is not available for all properties in Albrighton.

15 NEWHOUSE LANE: Plot and Title Map

15 NEWHOUSE LANE sits on a plot of roughly 0.392 of an acre, or 1,588m². The below map shows the location of 15 NEWHOUSE LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 15 NEWHOUSE LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 15 NEWHOUSE LANE?

15 NEWHOUSE LANE is located in ALBRIGHTON, in the WV7 postcode district. The below map shows the position of No. 15 on NEWHOUSE LANE.