7, CROFTERS CLOSE, STOURBRIDGE, DY8 1NU - £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.

7 CROFTERS CLOSE is a very small terraced house of 80m², built sometime between 1991 and 1995, which could now be worth an estimated £259,587. It was last sold for £180,000 in February 2019, which was around 30% above the average February 2019 terraced price in the Dudley local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

7 CROFTERS CLOSE Sold Prices

Land registry data shows five sales for 7 CROFTERS CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Dudley local authority area for the corresponding sale date. All of the five 7 CROFTERS 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
2019 14 FEB	£180,000	£138,023	30% above HPI
2015 30 JAN	£160,000	£113,880	40% above HPI
2005 6 MAY	£153,000	£102,364	49% above HPI
2001 1 FEB	£84,950	£50,094	70% above HPI
1999 16 APR	£71,250	£42,127	69% above HPI

7 CROFTERS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Dudley local authority area over time, sourced from the HPI. The five 7 CROFTERS CLOSE sales between April 1999 and February 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 January 2015 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the February 2019 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 7 CROFTERS CLOSE be worth now?

7 CROFTERS CLOSE might now be worth an estimated £259,587.

This is based on house price inflation of 44.2%, between February 2019 and May 2026, for terraced houses, in the Dudley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 44.2% inflationary increase is applied to the most recent sale price for 7 CROFTERS CLOSE of £180,000 on 14th February 2019. For the value to have increased from £180,000 to £259,587 over the six years and nine months to May 2026, the following assumptions must hold true:

• The value of 7 CROFTERS CLOSE has moved in line with the HPI for terraced houses in the Dudley local authority area.
• The February 2019 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CROFTERS CLOSE has not materially changed since February 2019.

How Large is 7 CROFTERS CLOSE?

7 CROFTERS CLOSE is 80m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 20% of terraced houses houses in Stourbridge, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Stourbridge, and where 7 CROFTERS CLOSE lies on this distribution: 11% of terraced houses houses are smaller than 7 CROFTERS CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Stourbridge.

7 CROFTERS CLOSE: Plot and Title Map

7 CROFTERS CLOSE sits on a plot of roughly 0.029 of an acre, or 116m². The below map shows the location of 7 CROFTERS 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 7 CROFTERS 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 7 CROFTERS CLOSE?

7 CROFTERS CLOSE is located in STOURBRIDGE, in the DY8 postcode district. The below map shows the position of No. 7 on CROFTERS CLOSE.