12, MORGAN CLOSE, OLDBURY, B69 2GA - £125,000

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.

12 MORGAN CLOSE is a very small semi-detached house of 66m², built sometime between 1996 and 2002, which could now be worth an estimated £236,570. It was last sold for £125,000 in February 2006, which was around 9% above the average February 2006 semi-detached price in the Sandwell local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

12 MORGAN CLOSE Sold Prices

Land registry data shows two sales for 12 MORGAN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Sandwell local authority area for the corresponding sale date. Both of the two 12 MORGAN 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
2006 10 FEB	£125,000	£114,830	9% above HPI
2002 27 SEP	£94,500	£68,522	38% above HPI

12 MORGAN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Sandwell local authority area over time, sourced from the HPI. The two 12 MORGAN CLOSE sales from September 2002 and February 2006 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 September 2002 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the February 2006 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 12 MORGAN CLOSE be worth now?

12 MORGAN CLOSE might now be worth an estimated £236,570.

This is based on house price inflation of 89.3%, between February 2006 and February 2025, for semi-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 89.3% inflationary increase is applied to the most recent sale price for 12 MORGAN CLOSE of £125,000 on 10th February 2006. For the value to have increased from £125,000 to £236,570 over the nineteen years to February 2025, the following assumptions must hold true:

• The value of 12 MORGAN CLOSE has moved in line with the HPI for semi-detached houses in the Sandwell local authority area.
• The February 2006 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MORGAN CLOSE has not materially changed since February 2006.

How Large is 12 MORGAN CLOSE?

12 MORGAN CLOSE is 66m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of semi-detached houses houses in Oldbury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Oldbury, and where 12 MORGAN CLOSE lies on this distribution: 6% of semi-detached houses houses are smaller than 12 MORGAN CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Oldbury.

12 MORGAN CLOSE: Plot and Title Map

12 MORGAN CLOSE sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 12 MORGAN 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 12 MORGAN 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 12 MORGAN CLOSE?

12 MORGAN CLOSE is located in OLDBURY, in the B69 postcode district. The below map shows the position of No. 12 on MORGAN CLOSE.