3, MALLARDS CLOSE, ALVELEY, BRIDGNORTH, WV15 6JL - £285,000

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.

3 MALLARDS CLOSE is a very small detached house of 69m², built sometime between 1983 and 1990, which could now be worth an estimated £312,320. It was last sold for £285,000 in May 2022, which was around 25% below the average May 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

3 MALLARDS CLOSE Sold Prices

Land registry data shows three sales for 3 MALLARDS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three 3 MALLARDS 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
2022 17 MAY	£285,000	£380,783	25% below HPI
2009 27 FEB	£220,000	£249,218	12% below HPI
2000 6 OCT	£97,500	£129,753	25% below HPI

3 MALLARDS CLOSE 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 three 3 MALLARDS CLOSE sales between October 2000 and May 2022 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 February 2009 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the May 2022 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 3 MALLARDS CLOSE be worth now?

3 MALLARDS CLOSE might now be worth an estimated £312,320.

This is based on house price inflation of 9.6%, between May 2022 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 9.6% inflationary increase is applied to the most recent sale price for 3 MALLARDS CLOSE of £285,000 on 17th May 2022. For the value to have increased from £285,000 to £312,320 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 3 MALLARDS CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The May 2022 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MALLARDS CLOSE has not materially changed since May 2022.

How Large is 3 MALLARDS CLOSE?

3 MALLARDS CLOSE is 69m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 20% of detached houses houses in Alveley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Alveley, and where 3 MALLARDS CLOSE lies on this distribution: 13% of detached houses houses are smaller than 3 MALLARDS CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Alveley.

3 MALLARDS CLOSE: Plot and Title Map

3 MALLARDS CLOSE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 3 MALLARDS 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 3 MALLARDS 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 3 MALLARDS CLOSE?

3 MALLARDS CLOSE is located in ALVELEY, in the WV15 postcode district. The below map shows the position of No. 3 on MALLARDS CLOSE.