5, LOVATT CLOSE, TIPTON, DY4 0HX - £175,000

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

5 LOVATT CLOSE is a very small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £175,000 in January 2019, which was around 28% below the average January 2019 detached price in the Sandwell local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

5 LOVATT CLOSE Sold Prices

Land registry data shows three sales for 5 LOVATT 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 5 LOVATT 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
2019 18 JAN	£175,000	£243,561	28% below HPI
2008 1 JUL	£112,000	£191,580	42% below HPI
2005 11 JUN	£110,000	£174,711	37% below HPI

5 LOVATT 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 5 LOVATT CLOSE sales between June 2005 and January 2019 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 July 2008 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the January 2019 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 5 LOVATT CLOSE?

5 LOVATT CLOSE is 68m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 20% of detached houses in Tipton, based on EPC data. The below chart shows the distribution of detached houses by size in Tipton, and where 5 LOVATT CLOSE lies on this distribution: 10% of detached houses are smaller than 5 LOVATT CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Tipton.

5 LOVATT CLOSE: Plot and Title Map

5 LOVATT CLOSE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 5 LOVATT 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 5 LOVATT 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 5 LOVATT CLOSE?

5 LOVATT CLOSE is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 5 on LOVATT CLOSE.