2, GREYFRIARS CLOSE, DUDLEY, DY1 2GN - £330,000

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.

2 GREYFRIARS CLOSE is a large extended detached house of 114m², built sometime between 1996 and 2002, which could now be worth an estimated £388,713. It was last sold for £330,000 in June 2021, which was around 12% above the average June 2021 detached price in the Dudley local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was C.

2 GREYFRIARS CLOSE Sold Prices

Land registry data shows two sales for 2 GREYFRIARS 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 Dudley local authority area for the corresponding sale date. Both of the two 2 GREYFRIARS 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
2021 11 JUN	£330,000	£295,826	12% above HPI
1997 31 OCT	£106,000	£80,824	31% above HPI

2 GREYFRIARS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The two 2 GREYFRIARS CLOSE sales from October 1997 and June 2021 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 October 1997 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the June 2021 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 2 GREYFRIARS CLOSE be worth now?

2 GREYFRIARS CLOSE might now be worth an estimated £388,713.

This is based on house price inflation of 17.8%, between June 2021 and February 2025, for detached houses, in the Dudley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.8% inflationary increase is applied to the most recent sale price for 2 GREYFRIARS CLOSE of £330,000 on 11th June 2021. For the value to have increased from £330,000 to £388,713 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 2 GREYFRIARS CLOSE has moved in line with the HPI for detached houses in the Dudley local authority area.
• The June 2021 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GREYFRIARS CLOSE has not materially changed since June 2021.

How Large is 2 GREYFRIARS CLOSE?

2 GREYFRIARS CLOSE is 114m², which includes one extension, according to the EPC inspection conducted in January 2021. This puts it in the largest 40% of detached houses houses in Sedgley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sedgley, and where 2 GREYFRIARS CLOSE lies on this distribution: 65% of detached houses houses are smaller than 2 GREYFRIARS CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Sedgley.

2 GREYFRIARS CLOSE: Plot and Title Map

2 GREYFRIARS CLOSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 2 GREYFRIARS 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 2 GREYFRIARS 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 2 GREYFRIARS CLOSE?

2 GREYFRIARS CLOSE is located in DUDLEY, in the DY1 postcode district. The below map shows the position of No. 2 on GREYFRIARS CLOSE.