3, MAYFAIR CLOSE, ALBRIGHTON, WOLVERHAMPTON, WV7 3PW - £297,500

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 MAYFAIR CLOSE is a very small detached house of 53m², built sometime between 1950 and 1966, which could now be worth an estimated £353,404. It was last sold for £297,500 in June 2021, which was around 15% below the average June 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was January 2015, where the current energy rating was E, and the potential energy rating was B.

3 MAYFAIR CLOSE Sold Prices

Land registry data shows four sales for 3 MAYFAIR CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the four 3 MAYFAIR 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 30 JUN	£297,500	£351,276	15% below HPI
2015 26 AUG	£170,000	£281,353	40% below HPI
1999 27 JAN	£73,000	£102,813	29% below HPI
1996 6 DEC	£52,000	£88,377	41% below HPI

3 MAYFAIR 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 four 3 MAYFAIR CLOSE sales between December 1996 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 2015 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the June 2021 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 3 MAYFAIR CLOSE be worth now?

3 MAYFAIR CLOSE might now be worth an estimated £353,404.

This is based on house price inflation of 18.8%, between June 2021 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 18.8% inflationary increase is applied to the most recent sale price for 3 MAYFAIR CLOSE of £297,500 on 30th June 2021. For the value to have increased from £297,500 to £353,404 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 3 MAYFAIR CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The June 2021 sale price of £297,500 represented a fair market value for the property.
• The size, condition, and specification of 3 MAYFAIR CLOSE has not materially changed since June 2021.

How Large is 3 MAYFAIR CLOSE?

3 MAYFAIR CLOSE is 53m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 10% 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 3 MAYFAIR CLOSE lies on this distribution: 2% of detached houses houses are smaller than 3 MAYFAIR CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Albrighton.

3 MAYFAIR CLOSE: Plot and Title Map

3 MAYFAIR CLOSE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 3 MAYFAIR 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 MAYFAIR 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 MAYFAIR CLOSE?

3 MAYFAIR CLOSE is located in ALBRIGHTON, in the WV7 postcode district. The below map shows the position of No. 3 on MAYFAIR CLOSE.