5, KELVIN DRIVE, SMETHWICK, B66 4SU - £114,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 KELVIN DRIVE is a very small detached house of 51m², built sometime between 2003 and 2006. It was last sold for £114,000 in November 2020, which was around 55% below the average November 2020 detached price in the Sandwell local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was C.

5 KELVIN DRIVE Sold Prices

Land registry data shows two sales for 5 KELVIN DRIVE 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 5 KELVIN DRIVE 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
2020 30 NOV	£114,000	£253,652	55% below HPI
2009 26 JUN	£77,000	£162,778	53% below HPI

5 KELVIN DRIVE 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 5 KELVIN DRIVE sales from June 2009 and November 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 June 2009 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the November 2020 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is 5 KELVIN DRIVE?

5 KELVIN DRIVE is 51m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Smethwick, based on EPC data. The below chart shows the distribution of detached houses by size in Smethwick, and where 5 KELVIN DRIVE lies on this distribution: 1% of detached houses are smaller than 5 KELVIN DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Smethwick.

5 KELVIN DRIVE: Plot and Title Map

5 KELVIN DRIVE sits on a plot of roughly 0.027 of an acre, or 108m². The below map shows the location of 5 KELVIN DRIVE, 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 5 KELVIN DRIVE). 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 5 KELVIN DRIVE?

5 KELVIN DRIVE is located in SMETHWICK, in the B66 postcode district. The below map shows the position of No. 5 on KELVIN DRIVE.