According to the public record, 2, Lutley Close, Wolverhampton is a mid-century freehold house with 495 ft2 of internal area and sits on a 178 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Lutley Close, Wolverhampton, WV3 is located in the borough of City of Wolverhampton within the WV3 postal district.
2, Lutley Close, Wolverhampton has 2 entries in the Land Registry database, most recently in April 2014 and a single entry in the EPC database dated July 2012.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Lutley Close Wolverhampton as £183,168 and the rental value as £745 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 2 Lutley Close Wolverhampton has increased by £4,494 (2.5%) and its rental value has increased by £52 per month (6.9%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Lutley Close, Wolverhampton is in very good condition we estimate a sale value of £192,326 and rental value of £782 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £170,346 and a rental value of £693 per month.
If you were able to purchase this property for the estimated value of £183,168, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £900 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 2, Lutley Close, Wolverhampton sits on a plot of 178m2.
We have plot size data on 20 out of 30 other houses in the postcode and 2, Lutley Close, Wolverhampton sits on the 8th largest plot.
According to HM Land Registry, 2, Lutley Close, Wolverhampton was last sold on 25 Apr 2014 for £124,999 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2014, the market for similar properties has risen 66.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Lutley Close, Wolverhampton within a radius of 540 metres over the last 2 years.
The most recent example is 34, Maple Road, Wolverhampton, WV3 7JD, a Freehold house which sold for £167,000 in Mar 2023.
Read more about house prices in WV3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lutley Close, Wolverhampton, WV3 has a total of 30 addresses. According to our analysis of all the public data, 2, Lutley Close, Wolverhampton is the 28th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £9k less expensive than the average property in WV3.
2, Lutley Close, Wolverhampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jul 2012.
The property is connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 2, Lutley Close, Wolverhampton is Wolverhampton station which is 3.1 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Lutley Close, Wolverhampton, 45.2% of property is privately owned outright and 32.3% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Lutley Close, Wolverhampton, 13.2% of residents are recorded as possessing school level qualifications and 30.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Lutley Close, Wolverhampton, the average age was 42.6 and the most common age was 52.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Lutley Close, Wolverhampton, 0.0% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Lutley Close, Wolverhampton, there are an average of 1.2 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.