8, STEAD CLOSE, TIPTON, DY4 0BJ - £175,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 STEAD CLOSE is a very small detached house of 75m², built sometime between 2003 and 2006. It was last sold for £175,000 in October 2007, which was around 13% below the average October 2007 detached price in the Sandwell local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

8 STEAD CLOSE Sold Prices

Land registry data shows two sales for 8 STEAD 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 STEAD 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
2007 1 OCT	£175,000	£200,863	13% below HPI
1999 7 JUN	£69,500	£73,864	6% below HPI

8 STEAD 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 STEAD CLOSE sales from June 1999 and October 2007 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 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the October 2007 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 8 STEAD CLOSE?

8 STEAD CLOSE is 75m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% 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 STEAD CLOSE lies on this distribution: 16% of detached houses are smaller than 8 STEAD CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Tipton.

8 STEAD CLOSE: Plot and Title Map

8 STEAD CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 8 STEAD 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 STEAD 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 STEAD CLOSE?

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