16, MITRE CLOSE, ESSINGTON, WOLVERHAMPTON, WV11 2DA - £270,000

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.

16 MITRE CLOSE is a midsized extended detached house of 110m², built sometime between 1950 and 1966, which could now be worth an estimated £317,415. It was last sold for £270,000 in June 2021, which was around 26% below the average June 2021 detached price in the South Staffordshire local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

16 MITRE CLOSE Sold Prices

Land registry data shows five sales for 16 MITRE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. All of the five 16 MITRE CLOSE sales were for below 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
2021 29 JUN	£270,000	£366,882	26% below HPI
2014 22 AUG	£210,000	£260,629	19% below HPI
2002 14 AUG	£110,000	£169,431	35% below HPI
1999 12 AUG	£73,500	£111,618	34% below HPI
1997 30 MAY	£69,000	£98,028	30% below HPI

16 MITRE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Staffordshire local authority area over time, sourced from the HPI. The five 16 MITRE CLOSE sales between May 1997 and June 2021 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 August 2014 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 16 MITRE CLOSE be worth now?

16 MITRE CLOSE might now be worth an estimated £317,415.

This is based on house price inflation of 17.6%, between June 2021 and February 2025, for detached houses, in the South Staffordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.6% inflationary increase is applied to the most recent sale price for 16 MITRE CLOSE of £270,000 on 29th June 2021. For the value to have increased from £270,000 to £317,415 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 16 MITRE CLOSE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The June 2021 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MITRE CLOSE has not materially changed since June 2021.

How Large is 16 MITRE CLOSE?

16 MITRE CLOSE is 110m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the smallest 50% of detached houses houses in Essington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Essington, and where 16 MITRE CLOSE lies on this distribution: 45% of detached houses houses are smaller than 16 MITRE CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Essington.

16 MITRE CLOSE: Plot and Title Map

16 MITRE CLOSE sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 16 MITRE CLOSE, 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 16 MITRE CLOSE). 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 16 MITRE CLOSE?

16 MITRE CLOSE is located in ESSINGTON, in the WV11 postcode district. The below map shows the position of No. 16 on MITRE CLOSE.