62, MAJESTIC WAY, ROWLEY REGIS, B65 9RG - £180,000

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.

62 MAJESTIC WAY is a very small detached house of 54m², built sometime between 1967 and 1975, which could now be worth an estimated £254,780. It was last sold for £180,000 in July 2019, which was around 22% below the average July 2019 detached price in the Sandwell local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

62 MAJESTIC WAY Sold Prices

Land registry data shows two sales for 62 MAJESTIC WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. Both of the two 62 MAJESTIC WAY sales were for below 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
2019 12 JUL	£180,000	£230,868	22% below HPI
2015 27 NOV	£142,000	£187,089	24% below HPI

62 MAJESTIC WAY 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 two 62 MAJESTIC WAY sales from November 2015 and July 2019 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 November 2015 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2019 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 62 MAJESTIC WAY be worth now?

62 MAJESTIC WAY might now be worth an estimated £254,780.

This is based on house price inflation of 41.5%, between July 2019 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 41.5% inflationary increase is applied to the most recent sale price for 62 MAJESTIC WAY of £180,000 on 12th July 2019. For the value to have increased from £180,000 to £254,780 over the six years and one month to June 2025, the following assumptions must hold true:

• The value of 62 MAJESTIC WAY has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The July 2019 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 62 MAJESTIC WAY has not materially changed since July 2019.

How Large is 62 MAJESTIC WAY?

62 MAJESTIC WAY is 54m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 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 62 MAJESTIC WAY lies on this distribution: 2% of detached houses houses are smaller than 62 MAJESTIC WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Rowley Regis.

62 MAJESTIC WAY: Plot and Title Map

62 MAJESTIC WAY sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 62 MAJESTIC WAY, 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 62 MAJESTIC WAY). 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 62 MAJESTIC WAY?

62 MAJESTIC WAY is located in ROWLEY REGIS, in the B65 postcode district. The below map shows the position of No. 62 on MAJESTIC WAY.