7, MORGAN CLOSE, CRADLEY HEATH, B64 6DH - £270,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 MORGAN CLOSE is a small detached house of 88m², built sometime between 2003 and 2006, which could now be worth an estimated £275,318. It was last sold for £270,000 in March 2023, which was around 13% below the average March 2023 detached price in the Sandwell local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

7 MORGAN CLOSE Sold Prices

Land registry data shows six sales for 7 MORGAN CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. Most of the six 7 MORGAN 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
2023 20 MAR	£270,000	£309,947	13% below HPI
2018 20 APR	£205,000	£220,618	7% below HPI
2015 13 NOV	£146,000	£187,089	22% below HPI
2011 4 MAY	£138,000	£166,617	17% below HPI
2007 4 JUL	£160,500	£184,670	13% below HPI
2003 28 NOV	£138,995	£137,369	1% above HPI

7 MORGAN 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 six 7 MORGAN CLOSE sales between November 2003 and March 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 April 2018 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the March 2023 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 7 MORGAN CLOSE be worth now?

7 MORGAN CLOSE might now be worth an estimated £275,318.

This is based on house price inflation of 2%, between March 2023 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 2% inflationary increase is applied to the most recent sale price for 7 MORGAN CLOSE of £270,000 on 20th March 2023. For the value to have increased from £270,000 to £275,318 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of 7 MORGAN CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The March 2023 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MORGAN CLOSE has not materially changed since March 2023.

How Large is 7 MORGAN CLOSE?

7 MORGAN CLOSE is 88m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 40% of detached houses houses in Cradley Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cradley Heath, and where 7 MORGAN CLOSE lies on this distribution: 37% of detached houses houses are smaller than 7 MORGAN CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Cradley Heath.

7 MORGAN CLOSE: Plot and Title Map

7 MORGAN CLOSE sits on a plot of roughly 0.048 of an acre, or 193m². The below map shows the location of 7 MORGAN 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 MORGAN 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 MORGAN CLOSE?

7 MORGAN CLOSE is located in CRADLEY HEATH, in the B64 postcode district. The below map shows the position of No. 7 on MORGAN CLOSE.