15, MORGAN CLOSE, OLDBURY, B69 2GA - £167,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 MORGAN CLOSE is a small detached house of 86m², built sometime between 1996 and 2002, which could now be worth an estimated £402,629. It was last sold for £167,000 in July 2003, which was around 27% above the average July 2003 detached price in the Sandwell local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was C.

15 MORGAN CLOSE Sold Prices

Land registry data shows two sales for 15 MORGAN 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 15 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
2003 4 JUL	£167,000	£131,463	27% above HPI
2002 6 NOV	£132,000	£115,064	15% above HPI

15 MORGAN 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 15 MORGAN CLOSE sales from November 2002 and July 2003 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 November 2002 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the July 2003 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 15 MORGAN CLOSE be worth now?

15 MORGAN CLOSE might now be worth an estimated £402,629.

This is based on house price inflation of 141.1%, between July 2003 and December 2024, 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 141.1% inflationary increase is applied to the most recent sale price for 15 MORGAN CLOSE of £167,000 on 4th July 2003. For the value to have increased from £167,000 to £402,629 over the twenty years and seven months to December 2024, the following assumptions must hold true:

• The value of 15 MORGAN CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The July 2003 sale price of £167,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MORGAN CLOSE has not materially changed since July 2003.

How Large is 15 MORGAN CLOSE?

15 MORGAN CLOSE is 86m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 40% of detached houses houses in Oldbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oldbury, and where 15 MORGAN CLOSE lies on this distribution: 34% of detached houses houses are smaller than 15 MORGAN CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Oldbury.

15 MORGAN CLOSE: Plot and Title Map

15 MORGAN CLOSE sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 15 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 15 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 15 MORGAN CLOSE?

15 MORGAN CLOSE is located in OLDBURY, in the B69 postcode district. The below map shows the position of No. 15 on MORGAN CLOSE.