8, MARTYN SMITH CLOSE, GREAT BARR, BIRMINGHAM, B43 6JG - £480,000

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.

8 MARTYN SMITH CLOSE is a large detached house of 134m², built sometime between 2003 and 2006, which could now be worth an estimated £481,347. It was last sold for £480,000 in June 2023, which was around 54% above the average June 2023 detached price in the Sandwell local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

8 MARTYN SMITH CLOSE Sold Prices

Land registry data shows two sales for 8 MARTYN SMITH 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 Sandwell local authority area for the corresponding sale date. Both of the two 8 MARTYN SMITH 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 30 JUN	£480,000	£311,737	54% above HPI
2017 13 FEB	£380,000	£202,379	88% above HPI

8 MARTYN SMITH 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 two 8 MARTYN SMITH CLOSE sales from February 2017 and June 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 February 2017 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the June 2023 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might 8 MARTYN SMITH CLOSE be worth now?

8 MARTYN SMITH CLOSE might now be worth an estimated £481,347.

This is based on house price inflation of 0.3%, between June 2023 and March 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 0.3% inflationary increase is applied to the most recent sale price for 8 MARTYN SMITH CLOSE of £480,000 on 30th June 2023. For the value to have increased from £480,000 to £481,347 over the two years and three months to March 2025, the following assumptions must hold true:

• The value of 8 MARTYN SMITH CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The June 2023 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MARTYN SMITH CLOSE has not materially changed since June 2023.

How Large is 8 MARTYN SMITH CLOSE?

8 MARTYN SMITH CLOSE is 134m² according to the EPC inspection conducted in June 2022. This puts it in the largest 30% of detached houses houses in West Bromwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Bromwich, and where 8 MARTYN SMITH CLOSE lies on this distribution: 78% of detached houses houses are smaller than 8 MARTYN SMITH CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in West Bromwich.

8 MARTYN SMITH CLOSE: Plot and Title Map

8 MARTYN SMITH CLOSE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 8 MARTYN SMITH 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 8 MARTYN SMITH 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 8 MARTYN SMITH CLOSE?

8 MARTYN SMITH CLOSE is located in GREAT BARR, in the B43 postcode district. The below map shows the position of No. 8 on MARTYN SMITH CLOSE.