2, WELCH CLOSE, TIPTON, DY4 0NA - £112,000

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 WELCH CLOSE is a very small semi-detached house of 55m², built sometime between 2003 and 2006, which could now be worth an estimated £240,481. It was last sold for £112,000 in July 2013, which was around 3% above the average July 2013 semi-detached price in the Sandwell local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

2 WELCH CLOSE Sold Prices

Land registry data shows two sales for 2 WELCH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Sandwell local authority area for the corresponding sale date. Both of the two 2 WELCH 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
2013 31 JUL	£112,000	£109,162	3% above HPI
2003 23 APR	£85,000	£77,484	10% above HPI

2 WELCH 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 two 2 WELCH CLOSE sales from April 2003 and July 2013 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 2003 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the July 2013 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 2 WELCH CLOSE be worth now?

2 WELCH CLOSE might now be worth an estimated £240,481.

This is based on house price inflation of 114.7%, between July 2013 and April 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 114.7% inflationary increase is applied to the most recent sale price for 2 WELCH CLOSE of £112,000 on 31st July 2013. For the value to have increased from £112,000 to £240,481 over the thirteen years and three months to April 2026, the following assumptions must hold true:

• The value of 2 WELCH CLOSE has moved in line with the HPI for semi-detached houses in the Sandwell local authority area.
• The July 2013 sale price of £112,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WELCH CLOSE has not materially changed since July 2013.

How Large is 2 WELCH CLOSE?

2 WELCH CLOSE is 55m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 10% 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 2 WELCH CLOSE lies on this distribution: 2% of semi-detached houses houses are smaller than 2 WELCH CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Tipton.

2 WELCH CLOSE: Plot and Title Map

2 WELCH CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 2 WELCH 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 2 WELCH 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 2 WELCH CLOSE?

2 WELCH CLOSE is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 2 on WELCH CLOSE.