1B, REDWOOD DRIVE, TIVIDALE, OLDBURY, B69 2HY - £305,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

1B REDWOOD DRIVE is a small detached house of 90m², built sometime between 1983 and 1990. It was last sold for £305,000 in September 2023, which was around 9% below the average September 2023 detached price in the Sandwell local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

1B REDWOOD DRIVE Sold Prices

Land registry data shows two sales for 1B REDWOOD DRIVE 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 1B REDWOOD DRIVE 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
2023 7 SEP	£305,000	£336,506	9% below HPI
2005 30 SEP	£160,000	£178,834	11% below HPI

1B REDWOOD DRIVE 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 1B REDWOOD DRIVE sales from September 2005 and September 2023 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 September 2005 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2023 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 1B REDWOOD DRIVE?

1B REDWOOD DRIVE is 90m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 40% 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 1B REDWOOD DRIVE lies on this distribution: 35% of detached houses are smaller than 1B REDWOOD DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in Rowley Regis.

1B REDWOOD DRIVE: Plot and Title Map

1B REDWOOD DRIVE sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 1B REDWOOD DRIVE, 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 1B REDWOOD DRIVE). 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 1B REDWOOD DRIVE?

1B REDWOOD DRIVE is located in TIVIDALE, in the B69 postcode district. The below map shows the position of No. 1B on REDWOOD DRIVE.