8, WADHAM CLOSE, ROWLEY REGIS, B65 9SH - £120,500

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.

8 WADHAM CLOSE is a very small semi-detached house of 60m², built sometime between 1967 and 1975, which could now be worth an estimated £210,076. It was last sold for £120,500 in November 2015, which was around 3% below the average November 2015 semi-detached price in the Sandwell local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

8 WADHAM CLOSE Sold Prices

Land registry data shows four sales for 8 WADHAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Sandwell local authority area for the corresponding sale date. Two of the four 8 WADHAM CLOSE sales were for below the average price, whilst one was 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
2015 23 NOV	£120,500	£124,027	3% below HPI
2007 30 JUL	£123,500	£126,059	2% below HPI
2006 21 APR	£118,000	£114,070	3% above HPI
2004 25 JUN	£102,000	£102,194	Close to HPI

8 WADHAM 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 four 8 WADHAM CLOSE sales between June 2004 and November 2015 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 July 2007 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2015 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 8 WADHAM CLOSE be worth now?

8 WADHAM CLOSE might now be worth an estimated £210,076.

This is based on house price inflation of 74.3%, between November 2015 and March 2025, 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 74.3% inflationary increase is applied to the most recent sale price for 8 WADHAM CLOSE of £120,500 on 23rd November 2015. For the value to have increased from £120,500 to £210,076 over the ten years and eight months to March 2025, the following assumptions must hold true:

• The value of 8 WADHAM CLOSE has moved in line with the HPI for semi-detached houses in the Sandwell local authority area.
• The November 2015 sale price of £120,500 represented a fair market value for the property.
• The size, condition, and specification of 8 WADHAM CLOSE has not materially changed since November 2015.

How Large is 8 WADHAM CLOSE?

8 WADHAM CLOSE is 60m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of semi-detached houses houses in Oldbury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Oldbury, and where 8 WADHAM CLOSE lies on this distribution: 4% of semi-detached houses houses are smaller than 8 WADHAM CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Oldbury.

8 WADHAM CLOSE: Plot and Title Map

8 WADHAM CLOSE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 8 WADHAM 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 8 WADHAM 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 8 WADHAM CLOSE?

8 WADHAM CLOSE is located in ROWLEY REGIS, in the B65 postcode district. The below map shows the position of No. 8 on WADHAM CLOSE.