120, PEL CRESCENT, OLDBURY, B68 8ST - £262,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

120 PEL CRESCENT is a very small detached house of 74m², built sometime from 2012 onwards. It was last sold for £262,000 in December 2023, which was around 21% below the average December 2023 detached price in the Sandwell local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

120 PEL CRESCENT Sold Prices

Land registry data shows four sales for 120 PEL CRESCENT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. All of the four 120 PEL CRESCENT 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
2023 6 DEC	£262,000	£333,704	21% below HPI
2018 31 MAY	£155,000	£234,767	34% below HPI
2016 12 FEB	£155,000	£198,227	22% below HPI
2014 25 JUL	£160,000	£179,457	11% below HPI

120 PEL CRESCENT 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 four 120 PEL CRESCENT sales between July 2014 and December 2023 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 May 2018 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the December 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 120 PEL CRESCENT?

120 PEL CRESCENT is 74m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 10% of detached houses in Smethwick, based on EPC data. The below chart shows the distribution of detached houses by size in Smethwick, and where 120 PEL CRESCENT lies on this distribution: 9% of detached houses are smaller than 120 PEL CRESCENT, and 91% of houses are larger. Note that EPC data is not available for all properties in Smethwick.

120 PEL CRESCENT: Plot and Title Map

120 PEL CRESCENT sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 120 PEL CRESCENT, 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 120 PEL CRESCENT). 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 120 PEL CRESCENT?

120 PEL CRESCENT is located in OLDBURY, in the B68 postcode district. The below map shows the position of No. 120 on PEL CRESCENT.