12, STEAD CLOSE, TIPTON, DY4 0BJ - £261,500

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.

12 STEAD CLOSE is a small extended semi-detached house of 79m², built sometime between 1976 and 1982, which could now be worth an estimated £302,838. It was last sold for £261,500 in August 2022, which was around 29% above the average August 2022 semi-detached price in the Sandwell local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

12 STEAD CLOSE Sold Prices

Land registry data shows three sales for 12 STEAD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Sandwell local authority area for the corresponding sale date. All of the three 12 STEAD 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
2022 19 AUG	£261,500	£202,393	29% above HPI
2009 6 NOV	£130,000	£113,287	15% above HPI
2002 26 APR	£81,000	£61,508	32% above HPI

12 STEAD CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Sandwell local authority area over time, sourced from the HPI. The three 12 STEAD CLOSE sales between April 2002 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 2009 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the August 2022 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 12 STEAD CLOSE be worth now?

12 STEAD CLOSE might now be worth an estimated £302,838.

This is based on house price inflation of 15.8%, between August 2022 and April 2026, for semi-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 15.8% inflationary increase is applied to the most recent sale price for 12 STEAD CLOSE of £261,500 on 19th August 2022. For the value to have increased from £261,500 to £302,838 over the four years and four months to April 2026, the following assumptions must hold true:

• The value of 12 STEAD CLOSE has moved in line with the HPI for semi-detached houses in the Sandwell local authority area.
• The August 2022 sale price of £261,500 represented a fair market value for the property.
• The size, condition, and specification of 12 STEAD CLOSE has not materially changed since August 2022.

How Large is 12 STEAD CLOSE?

12 STEAD CLOSE is 79m², which includes two extensions, according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% of semi-detached houses houses in Tipton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Tipton, and where 12 STEAD CLOSE lies on this distribution: 21% of semi-detached houses houses are smaller than 12 STEAD CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Tipton.

12 STEAD CLOSE: Plot and Title Map

12 STEAD CLOSE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 12 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 12 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 12 STEAD CLOSE?

12 STEAD CLOSE is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 12 on STEAD CLOSE.