18, LUDGATE CLOSE, TIVIDALE, OLDBURY, B69 1NY - £350,000

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.

18 LUDGATE CLOSE is a very large detached house of 138m², built sometime between 1996 and 2002, which could now be worth an estimated £365,924. It was last sold for £350,000 in December 2022, which was around 12% above the average December 2022 detached price in the Sandwell local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was C.

18 LUDGATE CLOSE Sold Prices

Land registry data shows three sales for 18 LUDGATE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. All of the three 18 LUDGATE 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 16 DEC	£350,000	£312,560	12% above HPI
2003 25 JUN	£156,000	£126,470	23% above HPI
2002 27 SEP	£138,950	£110,133	26% above HPI

18 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 three 18 LUDGATE CLOSE sales between September 2002 and December 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 June 2003 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the December 2022 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 18 LUDGATE CLOSE be worth now?

18 LUDGATE CLOSE might now be worth an estimated £365,924.

This is based on house price inflation of 4.5%, between December 2022 and June 2025, for 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 4.5% inflationary increase is applied to the most recent sale price for 18 LUDGATE CLOSE of £350,000 on 16th December 2022. For the value to have increased from £350,000 to £365,924 over the three years and six months to June 2025, the following assumptions must hold true:

• The value of 18 LUDGATE CLOSE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The December 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 18 LUDGATE CLOSE has not materially changed since December 2022.

How Large is 18 LUDGATE CLOSE?

18 LUDGATE CLOSE is 138m² according to the EPC inspection conducted in October 2022. This puts it in the largest 10% of detached houses houses in Rowley Regis, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rowley Regis, and where 18 LUDGATE CLOSE lies on this distribution: 94% of detached houses houses are smaller than 18 LUDGATE CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Rowley Regis.

18 LUDGATE CLOSE: Plot and Title Map

18 LUDGATE CLOSE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 18 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 18 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 18 LUDGATE CLOSE?

18 LUDGATE CLOSE is located in TIVIDALE, in the B69 postcode district. The below map shows the position of No. 18 on LUDGATE CLOSE.