3, CATHEDRAL CLOSE, TIPTON, DY4 8PF - £218,000

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.

3 CATHEDRAL CLOSE is a small detached house of 92m², built sometime between 1996 and 2002, which could now be worth an estimated £291,163. It was last sold for £218,000 in October 2019, which was around 8% below the average October 2019 detached price in the Sandwell local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

3 CATHEDRAL CLOSE Sold Prices

Land registry data shows three sales for 3 CATHEDRAL 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. Two of the three 3 CATHEDRAL CLOSE 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
2019 11 OCT	£218,000	£236,635	8% below HPI
2004 6 DEC	£150,000	£165,122	9% below HPI
2001 30 NOV	£112,950	£91,153	24% above HPI

3 CATHEDRAL 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 3 CATHEDRAL CLOSE sales between November 2001 and October 2019 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 December 2004 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2019 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 3 CATHEDRAL CLOSE be worth now?

3 CATHEDRAL CLOSE might now be worth an estimated £291,163.

This is based on house price inflation of 33.6%, between October 2019 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 33.6% inflationary increase is applied to the most recent sale price for 3 CATHEDRAL CLOSE of £218,000 on 11th October 2019. For the value to have increased from £218,000 to £291,163 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 CATHEDRAL CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The October 2019 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CATHEDRAL CLOSE has not materially changed since October 2019.

How Large is 3 CATHEDRAL CLOSE?

3 CATHEDRAL CLOSE is 92m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 40% of detached houses houses in Tipton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tipton, and where 3 CATHEDRAL CLOSE lies on this distribution: 38% of detached houses houses are smaller than 3 CATHEDRAL CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Tipton.

3 CATHEDRAL CLOSE: Plot and Title Map

3 CATHEDRAL CLOSE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 3 CATHEDRAL 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 3 CATHEDRAL 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 3 CATHEDRAL CLOSE?

3 CATHEDRAL CLOSE is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 3 on CATHEDRAL CLOSE.