1, WADHAM CLOSE, ROWLEY REGIS, B65 9SH - £285,000

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.

1 WADHAM CLOSE is a very small detached house of 76m², built sometime between 1983 and 1990, which could now be worth an estimated £318,056. It was last sold for £285,000 in August 2022, which was around 5% below the average August 2022 detached price in the Sandwell local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

1 WADHAM CLOSE Sold Prices

Land registry data shows two sales for 1 WADHAM 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 1 WADHAM 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
2022 15 AUG	£285,000	£300,474	5% below HPI
2006 17 NOV	£155,000	£180,046	14% below HPI

1 WADHAM 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 1 WADHAM CLOSE sales from November 2006 and August 2022 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 November 2006 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 1 WADHAM CLOSE be worth now?

1 WADHAM CLOSE might now be worth an estimated £318,056.

This is based on house price inflation of 11.6%, between August 2022 and May 2026, 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 11.6% inflationary increase is applied to the most recent sale price for 1 WADHAM CLOSE of £285,000 on 15th August 2022. For the value to have increased from £285,000 to £318,056 over the four years and three months to May 2026, the following assumptions must hold true:

• The value of 1 WADHAM CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The August 2022 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WADHAM CLOSE has not materially changed since August 2022.

How Large is 1 WADHAM CLOSE?

1 WADHAM CLOSE is 76m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 20% of detached houses houses in Oldbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oldbury, and where 1 WADHAM CLOSE lies on this distribution: 18% of detached houses houses are smaller than 1 WADHAM CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Oldbury.

1 WADHAM CLOSE: Plot and Title Map

1 WADHAM CLOSE sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 1 WADHAM 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 1 WADHAM 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 1 WADHAM CLOSE?

1 WADHAM CLOSE is located in ROWLEY REGIS, in the B65 postcode district. The below map shows the position of No. 1 on WADHAM CLOSE.