7, MERCIA CLOSE, TAMWORTH, B79 8LZ - £182,000

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

7 MERCIA CLOSE is a very small detached house of 79m², built sometime between 1967 and 1975. It was last sold for £182,000 in January 2018, which was around 35% below the average January 2018 detached price in the Tamworth local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was B.

7 MERCIA CLOSE Sold Prices

Land registry data shows three sales for 7 MERCIA 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 Tamworth local authority area for the corresponding sale date. All of the three 7 MERCIA 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
2018 15 JAN	£182,000	£280,346	35% below HPI
1999 4 JUN	£64,600	£95,970	33% below HPI
1995 15 DEC	£36,000	£73,623	51% below HPI

7 MERCIA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tamworth local authority area over time, sourced from the HPI. The three 7 MERCIA CLOSE sales between December 1995 and January 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 June 1999 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the January 2018 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 7 MERCIA CLOSE?

7 MERCIA CLOSE is 79m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 20% of detached houses in Tamworth, based on EPC data. The below chart shows the distribution of detached houses by size in Tamworth, and where 7 MERCIA CLOSE lies on this distribution: 12% of detached houses are smaller than 7 MERCIA CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Tamworth.

7 MERCIA CLOSE: Plot and Title Map

7 MERCIA CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 7 MERCIA 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 MERCIA 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 MERCIA CLOSE?

7 MERCIA CLOSE is located in TAMWORTH, in the B79 postcode district. The below map shows the position of No. 7 on MERCIA CLOSE.