4, HERITAGE WAY, TIPTON, DY4 8GG - £167,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 HERITAGE WAY is a small detached house of 93m², built sometime between 2003 and 2006. It was last sold for £167,000 in February 2014, which was around 5% below the average February 2014 detached price in the Sandwell local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

4 HERITAGE WAY Sold Prices

Land registry data shows two sales for 4 HERITAGE WAY 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 4 HERITAGE WAY 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 28 FEB	£167,000	£175,649	5% below HPI
2003 14 NOV	£142,500	£145,771	2% below HPI

4 HERITAGE WAY 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 4 HERITAGE WAY sales from November 2003 and February 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 November 2003 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2014 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 4 HERITAGE WAY?

4 HERITAGE WAY is 93m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 40% of detached houses in Tipton, based on EPC data. The below chart shows the distribution of detached houses by size in Tipton, and where 4 HERITAGE WAY lies on this distribution: 39% of detached houses are smaller than 4 HERITAGE WAY, and 60% of houses are larger. Note that EPC data is not available for all properties in Tipton.

4 HERITAGE WAY: Plot and Title Map

4 HERITAGE WAY sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 4 HERITAGE WAY, 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 4 HERITAGE WAY). 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 4 HERITAGE WAY?

4 HERITAGE WAY is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 4 on HERITAGE WAY.