1, THE RETREAT, CRADLEY HEATH, B64 7LD - £295,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 THE RETREAT is a small detached house of 72m², built sometime between 1991 and 1995. It was last sold for £295,000 in February 2022, which was around 3% below the average February 2022 detached price in the Sandwell local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

1 THE RETREAT Sold Prices

Land registry data shows three sales for 1 THE RETREAT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. One of the three 1 THE RETREAT sales was for below the average price, whilst two 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
2022 8 FEB	£295,000	£303,778	3% below HPI
2012 16 APR	£175,000	£171,612	2% above HPI
2001 28 JUN	£132,500	£92,952	43% above HPI

1 THE RETREAT 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 three 1 THE RETREAT sales between June 2001 and February 2022 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 April 2012 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the February 2022 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 1 THE RETREAT?

1 THE RETREAT is 72m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 30% of detached houses in Cradley Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Cradley Heath, and where 1 THE RETREAT lies on this distribution: 20% of detached houses are smaller than 1 THE RETREAT, and 78% of houses are larger. Note that EPC data is not available for all properties in Cradley Heath.

1 THE RETREAT: Plot and Title Map

1 THE RETREAT sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of 1 THE RETREAT, 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 1 THE RETREAT). 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 1 THE RETREAT?

1 THE RETREAT is located in CRADLEY HEATH, in the B64 postcode district. The below map shows the position of No. 1 on THE RETREAT.