3, THE GULLET, POLESWORTH, TAMWORTH, B78 1HH - £175,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 THE GULLET is a small detached house of 82m², built sometime between 1976 and 1982, which could now be worth an estimated £247,848. It was last sold for £175,000 in November 2015, which was around 38% below the average November 2015 detached price in the North Warwickshire local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

3 THE GULLET Sold Prices

Land registry data shows three sales for 3 THE GULLET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Warwickshire local authority area for the corresponding sale date. All of the three 3 THE GULLET 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
2015 23 NOV	£175,000	£284,136	38% below HPI
1998 17 JUL	£69,950	£107,866	35% below HPI
1995 14 JUL	£51,000	£94,231	46% below HPI

3 THE GULLET Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Warwickshire local authority area over time, sourced from the HPI. The three 3 THE GULLET sales between July 1995 and November 2015 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 July 1998 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2015 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 3 THE GULLET be worth now?

3 THE GULLET might now be worth an estimated £247,848.

This is based on house price inflation of 41.6%, between November 2015 and February 2025, for detached houses, in the North Warwickshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41.6% inflationary increase is applied to the most recent sale price for 3 THE GULLET of £175,000 on 23rd November 2015. For the value to have increased from £175,000 to £247,848 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 THE GULLET has moved in line with the HPI for detached houses in the North Warwickshire local authority area.
• The November 2015 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE GULLET has not materially changed since November 2015.

How Large is 3 THE GULLET?

3 THE GULLET is 82m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 30% of detached houses houses in Polesworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Polesworth, and where 3 THE GULLET lies on this distribution: 23% of detached houses houses are smaller than 3 THE GULLET, and 77% of houses are larger. Note that EPC data is not available for all properties in Polesworth.

3 THE GULLET: Plot and Title Map

3 THE GULLET sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 3 THE GULLET, 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 THE GULLET). 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 THE GULLET?

3 THE GULLET is located in POLESWORTH, in the B78 postcode district. The below map shows the position of No. 3 on THE GULLET.