16, MORGAN CLOSE, OLDBURY, B69 2GA - £165,000

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.

16 MORGAN CLOSE is a very small extended terraced house of 69m², built sometime between 1996 and 2002, which could now be worth an estimated £236,757. It was last sold for £165,000 in August 2020, which was around 22% above the average August 2020 terraced price in the Sandwell local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

16 MORGAN CLOSE Sold Prices

Land registry data shows four sales for 16 MORGAN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Sandwell local authority area for the corresponding sale date. All of the four 16 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
2020 14 AUG	£165,000	£135,349	22% above HPI
2015 6 NOV	£144,000	£106,064	36% above HPI
2010 30 JUN	£115,000	£100,540	14% above HPI
2002 6 DEC	£100,850	£59,886	68% above HPI

16 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 four 16 MORGAN CLOSE sales between December 2002 and August 2020 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 2015 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the August 2020 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 16 MORGAN CLOSE be worth now?

16 MORGAN CLOSE might now be worth an estimated £236,757.

This is based on house price inflation of 43.5%, between August 2020 and May 2026, 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 43.5% inflationary increase is applied to the most recent sale price for 16 MORGAN CLOSE of £165,000 on 14th August 2020. For the value to have increased from £165,000 to £236,757 over the six years and three months to May 2026, the following assumptions must hold true:

• The value of 16 MORGAN CLOSE has moved in line with the HPI for terraced houses in the Sandwell local authority area.
• The August 2020 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MORGAN CLOSE has not materially changed since August 2020.

How Large is 16 MORGAN CLOSE?

16 MORGAN CLOSE is 69m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 10% of terraced houses houses in Oldbury, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Oldbury, and where 16 MORGAN CLOSE lies on this distribution: 8% of terraced houses houses are smaller than 16 MORGAN CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Oldbury.

16 MORGAN CLOSE: Plot and Title Map

16 MORGAN CLOSE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 16 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 16 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 16 MORGAN CLOSE?

16 MORGAN CLOSE is located in OLDBURY, in the B69 postcode district. The below map shows the position of No. 16 on MORGAN CLOSE.