5, MALVERN CLOSE, WEST BROMWICH, B71 1PP - £180,000

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 MALVERN CLOSE is a very small detached house of 50m², built sometime between 1967 and 1975. It was last sold for £180,000 in August 2014, which was around 1% below the average August 2014 detached price in the Sandwell local authority area. The most recent EPC inspection was January 2011, where the current energy rating was E, and the potential energy rating was D.

5 MALVERN CLOSE Sold Prices

Land registry data shows three sales for 5 MALVERN 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 MALVERN 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
2014 22 AUG	£180,000	£181,476	1% below HPI
2004 19 MAR	£136,000	£155,602	13% below HPI
1997 10 JAN	£39,000	£69,586	44% below HPI

5 MALVERN 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 MALVERN CLOSE sales between January 1997 and August 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 March 2004 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2014 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 5 MALVERN CLOSE?

5 MALVERN CLOSE is 50m² according to the EPC inspection conducted in January 2011. This puts it in the smallest 10% of detached houses in West Bromwich, based on EPC data. The below chart shows the distribution of detached houses by size in West Bromwich, and where 5 MALVERN CLOSE lies on this distribution: 1% of detached houses are smaller than 5 MALVERN CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in West Bromwich.

5 MALVERN CLOSE: Plot and Title Map

5 MALVERN CLOSE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 5 MALVERN 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 MALVERN 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 MALVERN CLOSE?

5 MALVERN CLOSE is located in WEST BROMWICH, in the B71 postcode district. The below map shows the position of No. 5 on MALVERN CLOSE.