3, LOWESWATER DRIVE, LOWER GORNAL, DUDLEY, DY3 2RG - £257,000

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.

3 LOWESWATER DRIVE is a small detached house of 83m², built sometime between 1991 and 1995, which could now be worth an estimated £309,825. It was last sold for £257,000 in April 2021, which was around 11% below the average April 2021 detached price in the Dudley local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

3 LOWESWATER DRIVE Sold Prices

Land registry data shows three sales for 3 LOWESWATER DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. Two of the three 3 LOWESWATER DRIVE 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
2021 30 APR	£257,000	£289,047	11% below HPI
2012 19 OCT	£125,000	£193,583	35% below HPI
2001 31 MAY	£117,950	£107,821	9% above HPI

3 LOWESWATER DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The three 3 LOWESWATER DRIVE sales between May 2001 and April 2021 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 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the April 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 3 LOWESWATER DRIVE be worth now?

3 LOWESWATER DRIVE might now be worth an estimated £309,825.

This is based on house price inflation of 20.6%, between April 2021 and February 2025, for detached 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 20.6% inflationary increase is applied to the most recent sale price for 3 LOWESWATER DRIVE of £257,000 on 30th April 2021. For the value to have increased from £257,000 to £309,825 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 3 LOWESWATER DRIVE has moved in line with the HPI for detached houses in the Dudley local authority area.
• The April 2021 sale price of £257,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LOWESWATER DRIVE has not materially changed since April 2021.

How Large is 3 LOWESWATER DRIVE?

3 LOWESWATER DRIVE is 83m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 30% of detached houses houses in Sedgley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sedgley, and where 3 LOWESWATER DRIVE lies on this distribution: 21% of detached houses houses are smaller than 3 LOWESWATER DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Sedgley.

3 LOWESWATER DRIVE: Plot and Title Map

3 LOWESWATER DRIVE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 3 LOWESWATER DRIVE, 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 LOWESWATER DRIVE). 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 LOWESWATER DRIVE?

3 LOWESWATER DRIVE is located in LOWER GORNAL, in the DY3 postcode district. The below map shows the position of No. 3 on LOWESWATER DRIVE.