4, MERTON CLOSE, OLDBURY, B68 8NG - £164,000

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 MERTON CLOSE is a midsized extended terraced house of 96m², built sometime between 1950 and 1966, which could now be worth an estimated £213,712. It was last sold for £164,000 in March 2021, which was around 13% above the average March 2021 terraced price in the Sandwell local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

4 MERTON CLOSE Sold Prices

Land registry data shows two sales for 4 MERTON CLOSE 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 MERTON 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
2021 24 MAR	£164,000	£145,300	13% above HPI
2006 18 OCT	£120,000	£103,570	16% above HPI

4 MERTON 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 two 4 MERTON CLOSE sales from October 2006 and March 2021 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 October 2006 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the March 2021 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 4 MERTON CLOSE be worth now?

4 MERTON CLOSE might now be worth an estimated £213,712.

This is based on house price inflation of 30.3%, between March 2021 and October 2025, 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 30.3% inflationary increase is applied to the most recent sale price for 4 MERTON CLOSE of £164,000 on 24th March 2021. For the value to have increased from £164,000 to £213,712 over the three years and five months to October 2025, the following assumptions must hold true:

• The value of 4 MERTON CLOSE has moved in line with the HPI for terraced houses in the Sandwell local authority area.
• The March 2021 sale price of £164,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MERTON CLOSE has not materially changed since March 2021.

How Large is 4 MERTON CLOSE?

4 MERTON CLOSE is 96m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 50% 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 4 MERTON CLOSE lies on this distribution: 50% of terraced houses houses are smaller than 4 MERTON CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Oldbury.

4 MERTON CLOSE: Plot and Title Map

4 MERTON CLOSE sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 4 MERTON 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 4 MERTON 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 4 MERTON CLOSE?

4 MERTON CLOSE is located in OLDBURY, in the B68 postcode district. The below map shows the position of No. 4 on MERTON CLOSE.