5, NAREL SHARPE CLOSE, SMETHWICK, B66 1TU - £245,000

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

5 NAREL SHARPE CLOSE is a large detached house of 131m², built sometime between 2003 and 2006, which could now be worth an estimated £350,001. It was last sold for £245,000 in May 2018, which was around 11% above the average May 2018 detached price in the Sandwell local authority area. The most recent EPC inspection was June 2009, where the current energy rating was C, and the potential energy rating was C.

5 NAREL SHARPE CLOSE Sold Prices

Land registry data shows two sales for 5 NAREL SHARPE CLOSE 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 NAREL SHARPE 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
2018 17 MAY	£245,000	£221,236	11% above HPI
2006 16 AUG	£232,750	£174,515	33% above HPI

5 NAREL SHARPE 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 two 5 NAREL SHARPE CLOSE sales from August 2006 and May 2018 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 August 2006 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the May 2018 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 5 NAREL SHARPE CLOSE be worth now?

5 NAREL SHARPE CLOSE might now be worth an estimated £350,001.

This is based on house price inflation of 42.9%, between May 2018 and February 2025, 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 42.9% inflationary increase is applied to the most recent sale price for 5 NAREL SHARPE CLOSE of £245,000 on 17th May 2018. For the value to have increased from £245,000 to £350,001 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 5 NAREL SHARPE CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The May 2018 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 5 NAREL SHARPE CLOSE has not materially changed since May 2018.

How Large is 5 NAREL SHARPE CLOSE?

5 NAREL SHARPE CLOSE is 131m² according to the EPC inspection conducted in June 2009. This puts it in the largest 40% of detached houses houses in Smethwick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Smethwick, and where 5 NAREL SHARPE CLOSE lies on this distribution: 69% of detached houses houses are smaller than 5 NAREL SHARPE CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Smethwick.

5 NAREL SHARPE CLOSE: Plot and Title Map

5 NAREL SHARPE CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 5 NAREL SHARPE 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 NAREL SHARPE 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 NAREL SHARPE CLOSE?

5 NAREL SHARPE CLOSE is located in SMETHWICK, in the B66 postcode district. The below map shows the position of No. 5 on NAREL SHARPE CLOSE.