4, LUDGATE CLOSE, TIVIDALE, OLDBURY, B69 1NY - £285,000

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

4 LUDGATE CLOSE is a midsized detached house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £366,695. It was last sold for £285,000 in December 2020, which was around 16% above the average December 2020 detached price in the Sandwell local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

4 LUDGATE CLOSE Sold Prices

Land registry data shows three sales for 4 LUDGATE 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. All of the three 4 LUDGATE CLOSE sales were 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
2020 15 DEC	£285,000	£246,338	16% above HPI
2018 18 MAY	£265,000	£221,236	20% above HPI
2002 22 OCT	£149,500	£113,199	32% above HPI

4 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 three 4 LUDGATE CLOSE sales between October 2002 and December 2020 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 May 2018 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the December 2020 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 4 LUDGATE CLOSE be worth now?

4 LUDGATE CLOSE might now be worth an estimated £366,695.

This is based on house price inflation of 28.7%, between December 2020 and December 2024, 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 28.7% inflationary increase is applied to the most recent sale price for 4 LUDGATE CLOSE of £285,000 on 15th December 2020. For the value to have increased from £285,000 to £366,695 over the four years to December 2024, the following assumptions must hold true:

• The value of 4 LUDGATE CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The December 2020 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 4 LUDGATE CLOSE has not materially changed since December 2020.

How Large is 4 LUDGATE CLOSE?

4 LUDGATE CLOSE is 97m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 50% 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 4 LUDGATE CLOSE lies on this distribution: 46% of detached houses houses are smaller than 4 LUDGATE CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Rowley Regis.

4 LUDGATE CLOSE: Plot and Title Map

4 LUDGATE CLOSE sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 4 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 4 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 4 LUDGATE CLOSE?

4 LUDGATE CLOSE is located in TIVIDALE, in the B69 postcode district. The below map shows the position of No. 4 on LUDGATE CLOSE.