24, LUDGATE CLOSE, TIVIDALE, OLDBURY, B69 1NY - £169,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

24 LUDGATE CLOSE is a very small detached house of 75m², built sometime between 2003 and 2006, which could now be worth an estimated £283,767. It was last sold for £169,950 in October 2007, which was around 10% below the average October 2007 detached price in the Sandwell local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

24 LUDGATE CLOSE Sold Prices

Land registry data shows two sales for 24 LUDGATE 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 24 LUDGATE 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
2007 1 OCT	£169,950	£189,286	10% below HPI
2002 27 SEP	£107,500	£110,133	2% below HPI

24 LUDGATE 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 24 LUDGATE CLOSE sales from September 2002 and October 2007 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 2002 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the October 2007 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 24 LUDGATE CLOSE be worth now?

24 LUDGATE CLOSE might now be worth an estimated £283,767.

This is based on house price inflation of 67%, between October 2007 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 67% inflationary increase is applied to the most recent sale price for 24 LUDGATE CLOSE of £169,950 on 1st October 2007. For the value to have increased from £169,950 to £283,767 over the eighteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 24 LUDGATE CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The October 2007 sale price of £169,950 represented a fair market value for the property.
• The size, condition, and specification of 24 LUDGATE CLOSE has not materially changed since October 2007.

How Large is 24 LUDGATE CLOSE?

24 LUDGATE CLOSE is 75m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 20% of detached houses houses in Rowley Regis, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rowley Regis, and where 24 LUDGATE CLOSE lies on this distribution: 15% of detached houses houses are smaller than 24 LUDGATE CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Rowley Regis.

24 LUDGATE CLOSE: Plot and Title Map

24 LUDGATE CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 24 LUDGATE 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 24 LUDGATE 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 24 LUDGATE CLOSE?

24 LUDGATE CLOSE is located in TIVIDALE, in the B69 postcode district. The below map shows the position of No. 24 on LUDGATE CLOSE.