3, WELCH CLOSE, TIPTON, DY4 0NA - £134,000

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 WELCH CLOSE is a very small detached house of 65m², built sometime between 1996 and 2002, which could now be worth an estimated £266,101. It was last sold for £134,000 in August 2009, which was around 16% below the average August 2009 detached price in the Sandwell local authority area. The most recent EPC inspection was March 2009, where the current energy rating was C, and the potential energy rating was C.

3 WELCH CLOSE Sold Prices

Land registry data shows two sales for 3 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 3 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
2009 6 AUG	£134,000	£159,154	16% below HPI
2003 21 AUG	£94,000	£135,408	31% below HPI

3 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 3 WELCH CLOSE sales from August 2003 and August 2009 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 August 2003 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the August 2009 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 WELCH CLOSE be worth now?

3 WELCH CLOSE might now be worth an estimated £266,101.

This is based on house price inflation of 98.6%, between August 2009 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 98.6% inflationary increase is applied to the most recent sale price for 3 WELCH CLOSE of £134,000 on 6th August 2009. For the value to have increased from £134,000 to £266,101 over the sixteen years and six months to February 2025, the following assumptions must hold true:

• The value of 3 WELCH CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The August 2009 sale price of £134,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WELCH CLOSE has not materially changed since August 2009.

How Large is 3 WELCH CLOSE?

3 WELCH CLOSE is 65m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 10% 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 WELCH CLOSE lies on this distribution: 8% of detached houses houses are smaller than 3 WELCH CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Tipton.

3 WELCH CLOSE: Plot and Title Map

3 WELCH CLOSE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 3 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 3 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 3 WELCH CLOSE?

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