12, LUDGATE CLOSE, TIVIDALE, OLDBURY, B69 1NY - £265,000

12 LUDGATE CLOSE is a very small detached house of 76m², built sometime from 2007 onwards. It was last sold for £265,000 in April 2022, which was around 15% below the average April 2022 detached price in the Sandwell local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

12 LUDGATE CLOSE Sold Prices

Land registry data shows five sales for 12 LUDGATE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. All of the five 12 LUDGATE 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 29 APR	£265,000	£310,363	15% below HPI
2020 23 OCT	£224,950	£252,342	11% below HPI
2017 20 OCT	£203,000	£229,010	11% below HPI
2004 20 FEB	£128,000	£153,569	17% below HPI
2002 30 AUG	£101,500	£113,975	11% below HPI

12 LUDGATE 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 five 12 LUDGATE CLOSE sales between August 2002 and April 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 October 2020 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the April 2022 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 12 LUDGATE CLOSE?

12 LUDGATE CLOSE is 76m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses in Rowley Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Rowley Regis, and where 12 LUDGATE CLOSE lies on this distribution: 16% of detached houses are smaller than 12 LUDGATE CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Rowley Regis.

12 LUDGATE CLOSE: Plot and Title Map

12 LUDGATE CLOSE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 12 LUDGATE 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 12 LUDGATE 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 12 LUDGATE CLOSE?

12 LUDGATE CLOSE is located in TIVIDALE, in the B69 postcode district. The below map shows the position of No. 12 on LUDGATE CLOSE.