4, GIBSON DRIVE, SMETHWICK, B66 1RW - £315,000

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.

4 GIBSON DRIVE is a small extended terraced house of 88m², built sometime between 1996 and 2002, which could now be worth an estimated £342,334. It was last sold for £315,000 in December 2023, which was around 76% above the average December 2023 terraced price in the Sandwell local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

4 GIBSON DRIVE Sold Prices

Land registry data shows two sales for 4 GIBSON DRIVE 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 4 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
2023 15 DEC	£315,000	£178,704	76% above HPI
2001 4 MAY	£80,000	£43,941	82% above HPI

4 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 two 4 GIBSON DRIVE sales from May 2001 and December 2023 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 May 2001 sale was for 82% above the HPI. So the extrapolation line tracks at 82% above the HPI over time, until the December 2023 sale, where it falls to 76% above the HPI. The line then continues to track at 76% above the HPI.

What might 4 GIBSON DRIVE be worth now?

4 GIBSON DRIVE might now be worth an estimated £342,334.

This is based on house price inflation of 8.7%, between December 2023 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 8.7% inflationary increase is applied to the most recent sale price for 4 GIBSON DRIVE of £315,000 on 15th December 2023. For the value to have increased from £315,000 to £342,334 over the three years and seven months to May 2026, the following assumptions must hold true:

• The value of 4 GIBSON DRIVE has moved in line with the HPI for terraced houses in the Sandwell local authority area.
• The December 2023 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GIBSON DRIVE has not materially changed since December 2023.

How Large is 4 GIBSON DRIVE?

4 GIBSON DRIVE is 88m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the smallest 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 4 GIBSON DRIVE lies on this distribution: 20% of terraced houses houses are smaller than 4 GIBSON DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Smethwick.

4 GIBSON DRIVE: Plot and Title Map

4 GIBSON DRIVE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 4 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 4 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 4 GIBSON DRIVE?

4 GIBSON DRIVE is located in SMETHWICK, in the B66 postcode district. The below map shows the position of No. 4 on GIBSON DRIVE.