15, MORGAN CLOSE, CRADLEY HEATH, B64 6DH - £168,000

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.

15 MORGAN CLOSE is a large terraced house of 117m², built sometime between 2003 and 2006, which could now be worth an estimated £217,050. It was last sold for £168,000 in February 2021, which was around 16% above the average February 2021 terraced price in the Sandwell local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

15 MORGAN CLOSE Sold Prices

Land registry data shows two sales for 15 MORGAN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Sandwell local authority area for the corresponding sale date. Both of the two 15 MORGAN 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
2021 26 FEB	£168,000	£144,780	16% above HPI
2004 26 FEB	£151,995	£77,528	96% above HPI

15 MORGAN CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Sandwell local authority area over time, sourced from the HPI. The two 15 MORGAN CLOSE sales from February 2004 and February 2021 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 February 2004 sale was for 96% above the HPI. So the extrapolation line tracks at 96% above the HPI over time, until the February 2021 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 15 MORGAN CLOSE be worth now?

15 MORGAN CLOSE might now be worth an estimated £217,050.

This is based on house price inflation of 29.2%, between February 2021 and June 2025, for terraced 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 29.2% inflationary increase is applied to the most recent sale price for 15 MORGAN CLOSE of £168,000 on 26th February 2021. For the value to have increased from £168,000 to £217,050 over the three years and eight months to June 2025, the following assumptions must hold true:

• The value of 15 MORGAN CLOSE has moved in line with the HPI for terraced houses in the Sandwell local authority area.
• The February 2021 sale price of £168,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MORGAN CLOSE has not materially changed since February 2021.

How Large is 15 MORGAN CLOSE?

15 MORGAN CLOSE is 117m² according to the EPC inspection conducted in June 2012. This puts it in the largest 30% of terraced houses houses in Cradley Heath, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cradley Heath, and where 15 MORGAN CLOSE lies on this distribution: 72% of terraced houses houses are smaller than 15 MORGAN CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Cradley Heath.

15 MORGAN CLOSE: Plot and Title Map

15 MORGAN CLOSE sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 15 MORGAN 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 15 MORGAN 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 15 MORGAN CLOSE?

15 MORGAN CLOSE is located in CRADLEY HEATH, in the B64 postcode district. The below map shows the position of No. 15 on MORGAN CLOSE.