14, NAREL SHARPE CLOSE, SMETHWICK, B66 1TU - £198,000

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.

14 NAREL SHARPE CLOSE is a large extended detached house of 123m², built sometime between 2003 and 2006, which could now be worth an estimated £392,158. It was last sold for £198,000 in February 2009, which was around 24% above the average February 2009 detached price in the Sandwell local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

14 NAREL SHARPE CLOSE Sold Prices

Land registry data shows two sales for 14 NAREL SHARPE 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 14 NAREL SHARPE 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
2009 18 FEB	£198,000	£159,574	24% above HPI
2006 18 OCT	£232,700	£177,439	31% above HPI

14 NAREL SHARPE 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 14 NAREL SHARPE CLOSE sales from October 2006 and February 2009 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 2006 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the February 2009 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 14 NAREL SHARPE CLOSE be worth now?

14 NAREL SHARPE CLOSE might now be worth an estimated £392,158.

This is based on house price inflation of 98.1%, between February 2009 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 98.1% inflationary increase is applied to the most recent sale price for 14 NAREL SHARPE CLOSE of £198,000 on 18th February 2009. For the value to have increased from £198,000 to £392,158 over the sixteen years to February 2025, the following assumptions must hold true:

• The value of 14 NAREL SHARPE CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The February 2009 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of 14 NAREL SHARPE CLOSE has not materially changed since February 2009.

How Large is 14 NAREL SHARPE CLOSE?

14 NAREL SHARPE CLOSE is 123m², which includes two extensions, according to the EPC inspection conducted in July 2013. This puts it in the largest 40% of detached houses houses in Smethwick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Smethwick, and where 14 NAREL SHARPE CLOSE lies on this distribution: 62% of detached houses houses are smaller than 14 NAREL SHARPE CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Smethwick.

14 NAREL SHARPE CLOSE: Plot and Title Map

14 NAREL SHARPE CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 14 NAREL SHARPE 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 14 NAREL SHARPE 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 14 NAREL SHARPE CLOSE?

14 NAREL SHARPE CLOSE is located in SMETHWICK, in the B66 postcode district. The below map shows the position of No. 14 on NAREL SHARPE CLOSE.