16, SUFFOLK CLOSE, OLDBURY, B68 8RP - £310,000

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.

16 SUFFOLK CLOSE is a small extended detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £313,279. It was last sold for £310,000 in November 2022, which was around 1% below the average November 2022 detached price in the Sandwell local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

16 SUFFOLK CLOSE Sold Prices

Land registry data shows two sales for 16 SUFFOLK 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 16 SUFFOLK CLOSE sales were for below 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
2022 22 NOV	£310,000	£312,744	1% below HPI
2020 20 JAN	£220,000	£236,878	7% below HPI

16 SUFFOLK 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 16 SUFFOLK CLOSE sales from January 2020 and November 2022 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 January 2020 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2022 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 16 SUFFOLK CLOSE be worth now?

16 SUFFOLK CLOSE might now be worth an estimated £313,279.

This is based on house price inflation of 1.1%, between November 2022 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 1.1% inflationary increase is applied to the most recent sale price for 16 SUFFOLK CLOSE of £310,000 on 22nd November 2022. For the value to have increased from £310,000 to £313,279 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 16 SUFFOLK CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The November 2022 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 16 SUFFOLK CLOSE has not materially changed since November 2022.

How Large is 16 SUFFOLK CLOSE?

16 SUFFOLK CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 30% 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 16 SUFFOLK CLOSE lies on this distribution: 21% of detached houses houses are smaller than 16 SUFFOLK CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Oldbury.

16 SUFFOLK CLOSE: Plot and Title Map

16 SUFFOLK CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 16 SUFFOLK 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 16 SUFFOLK 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 16 SUFFOLK CLOSE?

16 SUFFOLK CLOSE is located in OLDBURY, in the B68 postcode district. The below map shows the position of No. 16 on SUFFOLK CLOSE.