2, WELCH CLOSE, TIPTON, DY4 0NA - £112,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 WELCH CLOSE is a very small semi-detached house of 55m², built sometime between 2003 and 2006. It was last sold for £112,000 in July 2013, which was around 35% below the average July 2013 detached price in the Sandwell local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

2 WELCH CLOSE Sold Prices

Land registry data shows two sales for 2 WELCH 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 2 WELCH 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
2013 31 JUL	£112,000	£172,734	35% below HPI
2003 23 APR	£85,000	£131,213	35% below HPI

2 WELCH 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 2 WELCH CLOSE sales from April 2003 and July 2013 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 April 2003 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 2013 sale, which was also at 35% below the HPI.

How Large is 2 WELCH CLOSE?

2 WELCH CLOSE is 55m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 10% 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 WELCH CLOSE lies on this distribution: 2% of detached houses are smaller than 2 WELCH CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Tipton.

2 WELCH CLOSE: Plot and Title Map

2 WELCH CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 2 WELCH 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 WELCH 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 WELCH CLOSE?

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