2, GIBSON DRIVE, SMETHWICK, B66 1RW - £220,000

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.

2 GIBSON DRIVE is a large terraced house of 141m², built sometime between 2003 and 2006, which could now be worth an estimated £406,276. It was last sold for £220,000 in March 2016, which was around 109% above the average March 2016 terraced price in the Sandwell local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

2 GIBSON DRIVE Sold Prices

Land registry data shows five sales for 2 GIBSON DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Sandwell local authority area for the corresponding sale date. All of the five 2 GIBSON DRIVE 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 2 MAR	£220,000	£105,166	109% above HPI
2009 29 APR	£174,497	£89,195	96% above HPI
2005 12 DEC	£240,000	£98,535	144% above HPI
2003 18 JUL	£207,000	£68,623	202% above HPI
2001 18 MAY	£122,950	£43,941	180% above HPI

2 GIBSON DRIVE 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 five 2 GIBSON DRIVE sales between May 2001 and March 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 2009 sale was for 96% above the HPI. So the extrapolation line tracks at 96% above the HPI over time, until the March 2016 sale, where it rises to 109% above the HPI. The line then continues to track at 109% above the HPI.

What might 2 GIBSON DRIVE be worth now?

2 GIBSON DRIVE might now be worth an estimated £406,276.

This is based on house price inflation of 84.7%, between March 2016 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 84.7% inflationary increase is applied to the most recent sale price for 2 GIBSON DRIVE of £220,000 on 2nd March 2016. For the value to have increased from £220,000 to £406,276 over the nine years and ten months to May 2026, the following assumptions must hold true:

• The value of 2 GIBSON DRIVE has moved in line with the HPI for terraced houses in the Sandwell local authority area.
• The March 2016 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GIBSON DRIVE has not materially changed since March 2016.

How Large is 2 GIBSON DRIVE?

2 GIBSON DRIVE is 141m² according to the EPC inspection conducted in October 2008. This puts it in the largest 30% of terraced houses houses in Smethwick, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Smethwick, and where 2 GIBSON DRIVE lies on this distribution: 74% of terraced houses houses are smaller than 2 GIBSON DRIVE, and 26% of houses are larger. Note that EPC data is not available for all properties in Smethwick.

2 GIBSON DRIVE: Plot and Title Map

2 GIBSON DRIVE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 2 GIBSON DRIVE, 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 2 GIBSON DRIVE). 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 2 GIBSON DRIVE?

2 GIBSON DRIVE is located in SMETHWICK, in the B66 postcode district. The below map shows the position of No. 2 on GIBSON DRIVE.