56, CASTLE ROAD, TIPTON, DY4 8DZ - £115,000

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

56 CASTLE ROAD is a very small extended detached house of 60m², built sometime between 1900 and 1929. It was last sold for £115,000 in August 2024, which was around 65% below the average August 2024 detached price in the Sandwell local authority area. The most recent EPC inspection was May 2024, where the current energy rating was E, and the potential energy rating was B.

56 CASTLE ROAD Sold Prices

Land registry data shows four sales for 56 CASTLE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. All of the four 56 CASTLE ROAD 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
2024 27 AUG	£115,000	£324,375	65% below HPI
2014 29 APR	£88,000	£180,784	51% below HPI
2007 1 FEB	£75,000	£192,582	61% below HPI
1995 9 JUN	£32,500	£64,591	50% below HPI

56 CASTLE ROAD 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 four 56 CASTLE ROAD sales between June 1995 and August 2024 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 April 2014 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the August 2024 sale, where it falls to 65% below the HPI. The line then continues to track at 65% below the HPI.

How Large is 56 CASTLE ROAD?

56 CASTLE ROAD is 60m², which includes one extension, according to the EPC inspection conducted in May 2024. 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 56 CASTLE ROAD lies on this distribution: 5% of detached houses are smaller than 56 CASTLE ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Tipton.

56 CASTLE ROAD: Plot and Title Map

56 CASTLE ROAD sits on a plot of roughly 0.032 of an acre, or 128m². The below map shows the location of 56 CASTLE ROAD, 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 56 CASTLE ROAD). 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 56 CASTLE ROAD?

56 CASTLE ROAD is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 56 on CASTLE ROAD.