14, REEVES CLOSE, TIPTON, DY4 7SQ - £177,000

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.

14 REEVES CLOSE is a small extended semi-detached house of 87m², built sometime between 2003 and 2006, which could now be worth an estimated £307,348. It was last sold for £177,000 in September 2016, which was around 33% above the average September 2016 semi-detached price in the Sandwell local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

14 REEVES CLOSE Sold Prices

Land registry data shows three sales for 14 REEVES 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 14 REEVES 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
2016 14 SEP	£177,000	£133,141	33% above HPI
2008 11 APR	£187,500	£125,147	50% above HPI
2004 26 NOV	£154,995	£109,560	41% above HPI

14 REEVES 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 14 REEVES CLOSE sales between November 2004 and September 2016 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 April 2008 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the September 2016 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might 14 REEVES CLOSE be worth now?

14 REEVES CLOSE might now be worth an estimated £307,348.

This is based on house price inflation of 73.6%, between September 2016 and May 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 73.6% inflationary increase is applied to the most recent sale price for 14 REEVES CLOSE of £177,000 on 14th September 2016. For the value to have increased from £177,000 to £307,348 over the ten years and four months to May 2026, the following assumptions must hold true:

• The value of 14 REEVES CLOSE has moved in line with the HPI for semi-detached houses in the Sandwell local authority area.
• The September 2016 sale price of £177,000 represented a fair market value for the property.
• The size, condition, and specification of 14 REEVES CLOSE has not materially changed since September 2016.

How Large is 14 REEVES CLOSE?

14 REEVES CLOSE is 87m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the smallest 40% 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 14 REEVES CLOSE lies on this distribution: 31% of semi-detached houses houses are smaller than 14 REEVES CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Tipton.

14 REEVES CLOSE: Plot and Title Map

14 REEVES CLOSE sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 14 REEVES 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 14 REEVES 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 14 REEVES CLOSE?

14 REEVES CLOSE is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 14 on REEVES CLOSE.