3, LEE ROAD, CRADLEY HEATH, B64 7HS - £170,000

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

3 LEE ROAD is a midsized extended detached house of 104m², built sometime between 1976 and 1982. It was last sold for £170,000 in June 2016, which was around 18% below the average June 2016 detached price in the Sandwell local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

3 LEE ROAD Sold Prices

Land registry data shows three sales for 3 LEE ROAD 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. Two of the three 3 LEE ROAD 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
2016 14 JUN	£170,000	£207,408	18% below HPI
2012 22 OCT	£160,000	£175,022	9% below HPI
2000 26 MAY	£119,000	£79,638	49% above HPI

3 LEE ROAD 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 3 LEE ROAD sales between May 2000 and June 2016 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 October 2012 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2016 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 3 LEE ROAD?

3 LEE ROAD is 104m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the largest 50% 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 3 LEE ROAD lies on this distribution: 54% of detached houses are smaller than 3 LEE ROAD, and 45% of houses are larger. Note that EPC data is not available for all properties in Cradley Heath.

3 LEE ROAD: Plot and Title Map

3 LEE ROAD sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 3 LEE ROAD, 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 3 LEE ROAD). 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 3 LEE ROAD?

3 LEE ROAD is located in CRADLEY HEATH, in the B64 postcode district. The below map shows the position of No. 3 on LEE ROAD.