1, REEVES CLOSE, TIPTON, DY4 7SQ - £227,500

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 REEVES CLOSE is a very large detached house of 129m², built sometime between 2003 and 2006, which could now be worth an estimated £426,778. It was last sold for £227,500 in January 2011, which was around 35% above the average January 2011 detached price in the Sandwell local authority area. The most recent EPC inspection was August 2010, where the current energy rating was C, and the potential energy rating was C.

1 REEVES CLOSE Sold Prices

Land registry data shows two sales for 1 REEVES CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. Both of the two 1 REEVES CLOSE sales were for above 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
2011 26 JAN	£227,500	£168,476	35% above HPI
2004 3 DEC	£224,995	£165,122	36% above HPI

1 REEVES 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 two 1 REEVES CLOSE sales from December 2004 and January 2011 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 December 2004 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the January 2011 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 1 REEVES CLOSE be worth now?

1 REEVES CLOSE might now be worth an estimated £426,778.

This is based on house price inflation of 87.6%, between January 2011 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 87.6% inflationary increase is applied to the most recent sale price for 1 REEVES CLOSE of £227,500 on 26th January 2011. For the value to have increased from £227,500 to £426,778 over the thirteen years and eleven months to February 2025, the following assumptions must hold true:

• The value of 1 REEVES CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The January 2011 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 1 REEVES CLOSE has not materially changed since January 2011.

How Large is 1 REEVES CLOSE?

1 REEVES CLOSE is 129m² according to the EPC inspection conducted in August 2010. This puts it in the largest 20% of detached houses houses in Tipton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tipton, and where 1 REEVES CLOSE lies on this distribution: 86% of detached houses houses are smaller than 1 REEVES CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Tipton.

1 REEVES CLOSE: Plot and Title Map

1 REEVES CLOSE sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 1 REEVES 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 REEVES 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 REEVES CLOSE?

1 REEVES CLOSE is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 1 on REEVES CLOSE.