1, LAW CLOSE, TIVIDALE, OLDBURY, B69 3JW - £293,500

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.

1 LAW CLOSE is a large extended detached house of 115m², built sometime between 1983 and 1990, which could now be worth an estimated £331,173. It was last sold for £293,500 in September 2021, which was around 5% above the average September 2021 detached price in the Sandwell local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was C.

1 LAW CLOSE Sold Prices

Land registry data shows three sales for 1 LAW 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 Sandwell local authority area for the corresponding sale date. One of the three 1 LAW CLOSE sales was for above the average price, whilst two 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 SEP	£293,500	£280,099	5% above HPI
2002 4 OCT	£85,000	£113,199	25% below HPI
1997 29 AUG	£51,000	£67,205	24% below HPI

1 LAW CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sandwell local authority area over time, sourced from the HPI. The three 1 LAW CLOSE sales between August 1997 and September 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 October 2002 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2021 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 1 LAW CLOSE be worth now?

1 LAW CLOSE might now be worth an estimated £331,173.

This is based on house price inflation of 12.8%, between September 2021 and February 2025, for detached houses, in the Sandwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.8% inflationary increase is applied to the most recent sale price for 1 LAW CLOSE of £293,500 on 29th September 2021. For the value to have increased from £293,500 to £331,173 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 LAW CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The September 2021 sale price of £293,500 represented a fair market value for the property.
• The size, condition, and specification of 1 LAW CLOSE has not materially changed since September 2021.

How Large is 1 LAW CLOSE?

1 LAW CLOSE is 115m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the largest 30% of detached houses houses in Rowley Regis, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rowley Regis, and where 1 LAW CLOSE lies on this distribution: 76% of detached houses houses are smaller than 1 LAW CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Rowley Regis.

1 LAW CLOSE: Plot and Title Map

1 LAW CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 1 LAW 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 1 LAW 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 1 LAW CLOSE?

1 LAW CLOSE is located in TIVIDALE, in the B69 postcode district. The below map shows the position of No. 1 on LAW CLOSE.