8, HERITAGE WAY, TIPTON, DY4 8GG - £175,000

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

8 HERITAGE WAY is a midsized detached house of 103m², built sometime between 2003 and 2006. It was last sold for £175,000 in June 2016, which was around 16% below the average June 2016 detached price in the Sandwell local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

8 HERITAGE WAY Sold Prices

Land registry data shows two sales for 8 HERITAGE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. Both of the two 8 HERITAGE WAY 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
2016 21 JUN	£175,000	£207,408	16% below HPI
2004 19 MAR	£142,500	£155,602	8% below HPI

8 HERITAGE 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 two 8 HERITAGE WAY sales from March 2004 and June 2016 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 2004 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2016 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 8 HERITAGE WAY?

8 HERITAGE WAY is 103m² according to the EPC inspection conducted in November 2020. This puts it in the largest 50% of detached houses in Tipton, based on EPC data. The below chart shows the distribution of detached houses by size in Tipton, and where 8 HERITAGE WAY lies on this distribution: 58% of detached houses are smaller than 8 HERITAGE WAY, and 42% of houses are larger. Note that EPC data is not available for all properties in Tipton.

8 HERITAGE WAY: Plot and Title Map

8 HERITAGE WAY sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 8 HERITAGE 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 8 HERITAGE 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 8 HERITAGE WAY?

8 HERITAGE WAY is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 8 on HERITAGE WAY.