7, HOMESTEAD CLOSE, WALSALL, WS4 2AD - £635,000

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

7 HOMESTEAD CLOSE is a large detached house of 169m², which could now be worth an estimated £642,277. It was last sold for £635,000 in July 2023, which was around 89% above the average July 2023 detached price in the Walsall local authority area. The most recent EPC inspection was November 2020, where the current energy rating was B, and the potential energy rating was A.

7 HOMESTEAD CLOSE Sold Prices

Land registry data shows two sales for 7 HOMESTEAD 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 Walsall local authority area for the corresponding sale date. Both of the two 7 HOMESTEAD 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
2023 21 JUL	£635,000	£335,610	89% above HPI
2021 5 MAR	£540,000	£286,863	88% above HPI

7 HOMESTEAD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Walsall local authority area over time, sourced from the HPI. The two 7 HOMESTEAD CLOSE sales from March 2021 and July 2023 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 2021 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the July 2023 sale, where it rises to 89% above the HPI. The line then continues to track at 89% above the HPI.

What might 7 HOMESTEAD CLOSE be worth now?

7 HOMESTEAD CLOSE might now be worth an estimated £642,277.

This is based on house price inflation of 1.1%, between July 2023 and December 2024, for detached houses, in the Walsall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.1% inflationary increase is applied to the most recent sale price for 7 HOMESTEAD CLOSE of £635,000 on 21st July 2023. For the value to have increased from £635,000 to £642,277 over the seven months to December 2024, the following assumptions must hold true:

• The value of 7 HOMESTEAD CLOSE has moved in line with the HPI for detached houses in the Walsall local authority area.
• The July 2023 sale price of £635,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HOMESTEAD CLOSE has not materially changed since July 2023.

How Large is 7 HOMESTEAD CLOSE?

7 HOMESTEAD CLOSE is 169m² according to the EPC inspection conducted in November 2020. This puts it in the largest 30% of detached houses houses in Walsall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Walsall, and where 7 HOMESTEAD CLOSE lies on this distribution: 77% of detached houses houses are smaller than 7 HOMESTEAD CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Walsall.

7 HOMESTEAD CLOSE: Plot and Title Map

7 HOMESTEAD CLOSE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 7 HOMESTEAD 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 7 HOMESTEAD 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 7 HOMESTEAD CLOSE?

7 HOMESTEAD CLOSE is located in WALSALL, in the WS4 postcode district. The below map shows the position of No. 7 on HOMESTEAD CLOSE.