3, LAW CLOSE, TIVIDALE, OLDBURY, B69 3JW - £130,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

3 LAW CLOSE is a very small detached house of 69m², built sometime between 1976 and 1982. It was last sold for £130,000 in October 2014, which was around 30% below the average October 2014 detached price in the Sandwell local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

3 LAW CLOSE Sold Prices

Land registry data shows two sales for 3 LAW 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 3 LAW 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
2014 31 OCT	£130,000	£186,853	30% below HPI
2007 20 JUN	£127,500	£193,788	34% below HPI

3 LAW 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 3 LAW CLOSE sales from June 2007 and October 2014 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 June 2007 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the October 2014 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 3 LAW CLOSE?

3 LAW CLOSE is 69m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of detached houses in Rowley Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Rowley Regis, and where 3 LAW CLOSE lies on this distribution: 8% of detached houses are smaller than 3 LAW CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Rowley Regis.

3 LAW CLOSE: Plot and Title Map

3 LAW CLOSE sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 3 LAW 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 LAW 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 LAW CLOSE?

3 LAW CLOSE is located in TIVIDALE, in the B69 postcode district. The below map shows the position of No. 3 on LAW CLOSE.