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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 MORGAN CLOSE is a small detached house of 86m², built sometime between 1996 and 2002. It was last sold for £167,000 in July 2003, which was around 20% 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	£139,504	20% above HPI
2002 6 NOV	£132,000	£122,102	8% 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 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the July 2003 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

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 in Oldbury, based on EPC data. The below chart shows the distribution of detached houses by size in Oldbury, and where 15 MORGAN CLOSE lies on this distribution: 35% of detached houses are smaller than 15 MORGAN CLOSE, and 64% 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.