18, LUDGATE CLOSE, TIVIDALE, OLDBURY, B69 1NY - £350,000

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

18 LUDGATE CLOSE is a very large detached house of 138m², built sometime between 1996 and 2002. It was last sold for £350,000 in December 2022, which was around 6% above the average December 2022 detached price in the Sandwell local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was C.

18 LUDGATE CLOSE Sold Prices

Land registry data shows three sales for 18 LUDGATE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. All of the three 18 LUDGATE 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
2022 16 DEC	£350,000	£331,678	6% above HPI
2003 25 JUN	£156,000	£134,206	16% above HPI
2002 27 SEP	£138,950	£116,869	19% above HPI

18 LUDGATE 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 three 18 LUDGATE CLOSE sales between September 2002 and December 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 June 2003 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the December 2022 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 18 LUDGATE CLOSE?

18 LUDGATE CLOSE is 138m² according to the EPC inspection conducted in October 2022. This puts it in the largest 10% of detached houses in Rowley Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Rowley Regis, and where 18 LUDGATE CLOSE lies on this distribution: 94% of detached houses are smaller than 18 LUDGATE CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Rowley Regis.

18 LUDGATE CLOSE: Plot and Title Map

18 LUDGATE CLOSE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 18 LUDGATE 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 18 LUDGATE 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 18 LUDGATE CLOSE?

18 LUDGATE CLOSE is located in TIVIDALE, in the B69 postcode district. The below map shows the position of No. 18 on LUDGATE CLOSE.