2, NEWCOMEN DRIVE, TIPTON, DY4 8XX - £253,000

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

2 NEWCOMEN DRIVE is a small extended detached house of 86m², built sometime between 1991 and 1995. It was last sold for £253,000 in June 2020, which was around 1% below the average June 2020 detached price in the Sandwell local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

2 NEWCOMEN DRIVE Sold Prices

Land registry data shows four sales for 2 NEWCOMEN DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. Two of the four 2 NEWCOMEN DRIVE sales were for below the average price, whilst one was 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
2020 12 JUN	£253,000	£254,516	1% below HPI
2006 20 JAN	£181,500	£181,954	Close to HPI
2003 22 AUG	£134,000	£143,690	7% below HPI
1996 21 JUN	£81,000	£66,361	22% above HPI

2 NEWCOMEN 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 four 2 NEWCOMEN DRIVE sales between June 1996 and June 2020 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 2006 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2020 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 2 NEWCOMEN DRIVE?

2 NEWCOMEN DRIVE is 86m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 30% of detached houses in Tipton, based on EPC data. The below chart shows the distribution of detached houses by size in Tipton, and where 2 NEWCOMEN DRIVE lies on this distribution: 28% of detached houses are smaller than 2 NEWCOMEN DRIVE, and 70% of houses are larger. Note that EPC data is not available for all properties in Tipton.

2 NEWCOMEN DRIVE: Plot and Title Map

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

2 NEWCOMEN DRIVE is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 2 on NEWCOMEN DRIVE.