55, FARMER WAY, TIPTON, DY4 0BE - £218,000

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

55 FARMER WAY is a very small detached house of 51m², built sometime between 1983 and 1990. It was last sold for £218,000 in September 2020, which was around 14% below the average September 2020 detached price in the Sandwell local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

55 FARMER WAY Sold Prices

Land registry data shows three sales for 55 FARMER WAY 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. Two of the three 55 FARMER WAY sales were for below the average price, whilst one was 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 30 SEP	£218,000	£252,748	14% below HPI
2003 2 MAY	£15,000	£133,936	89% below HPI
1995 20 OCT	£68,000	£66,436	2% above HPI

55 FARMER WAY 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 55 FARMER WAY sales between October 1995 and September 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 2003 sale was for 89% below the HPI. So the extrapolation line tracks at 89% below the HPI over time, until the September 2020 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 55 FARMER WAY?

55 FARMER WAY is 51m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 10% of detached houses in Tipton, based on EPC data. The below chart shows the distribution of detached houses by size in Tipton, and where 55 FARMER WAY lies on this distribution: 1% of detached houses are smaller than 55 FARMER WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Tipton.

55 FARMER WAY: Plot and Title Map

55 FARMER WAY sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 55 FARMER WAY, 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 55 FARMER WAY). 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 55 FARMER WAY?

55 FARMER WAY is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 55 on FARMER WAY.