22B, MERTON CLOSE, OLDBURY, B68 8NG - £160,500

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.

22B MERTON CLOSE is a large extended detached house of 109m², built sometime between 1950 and 1966, which could now be worth an estimated £296,588. It was last sold for £160,500 in December 2005, which was around 6% below the average December 2005 detached price in the Sandwell local authority area. The most recent EPC inspection was November 2018, where the current energy rating was E, and the potential energy rating was B.

22B MERTON CLOSE Sold Prices

Land registry data shows three sales for 22B MERTON 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. One of the three 22B MERTON CLOSE sales was for below the average price, whilst two 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
2005 2 DEC	£160,500	£171,033	6% below HPI
2002 15 FEB	£103,000	£94,953	8% above HPI
1998 15 MAY	£73,500	£68,279	8% above HPI

22B MERTON 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 22B MERTON CLOSE sales between May 1998 and December 2005 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 February 2002 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the December 2005 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 22B MERTON CLOSE be worth now?

22B MERTON CLOSE might now be worth an estimated £296,588.

This is based on house price inflation of 84.8%, between December 2005 and February 2025, for detached houses, in the Sandwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 84.8% inflationary increase is applied to the most recent sale price for 22B MERTON CLOSE of £160,500 on 2nd December 2005. For the value to have increased from £160,500 to £296,588 over the twenty years and ten months to February 2025, the following assumptions must hold true:

• The value of 22B MERTON CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The December 2005 sale price of £160,500 represented a fair market value for the property.
• The size, condition, and specification of 22B MERTON CLOSE has not materially changed since December 2005.

How Large is 22B MERTON CLOSE?

22B MERTON CLOSE is 109m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the largest 40% of detached houses houses in Oldbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oldbury, and where 22B MERTON CLOSE lies on this distribution: 65% of detached houses houses are smaller than 22B MERTON CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Oldbury.

22B MERTON CLOSE: Plot and Title Map

22B MERTON CLOSE sits on a plot of roughly 0.111 of an acre, or 450m². The below map shows the location of 22B MERTON 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 22B MERTON 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 22B MERTON CLOSE?

22B MERTON CLOSE is located in OLDBURY, in the B68 postcode district. The below map shows the position of No. 22B on MERTON CLOSE.