3, MUSK LANE, DUDLEY, DY3 2UG - £320,000

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 MUSK LANE is a small detached house of 92m², built sometime between 1950 and 1966. It was last sold for £320,000 in November 2023, which was around 9% below the average November 2023 detached price in the Dudley local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was C.

3 MUSK LANE Sold Prices

Land registry data shows five sales for 3 MUSK LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. All of the five 3 MUSK LANE 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 27 NOV	£320,000	£352,665	9% below HPI
2018 25 JUL	£240,000	£259,097	7% below HPI
2016 22 JUL	£214,950	£232,340	7% below HPI
2015 24 NOV	£135,000	£220,887	39% below HPI
2004 18 JUN	£150,000	£178,861	16% below HPI

3 MUSK LANE 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 five 3 MUSK LANE sales between June 2004 and November 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 July 2018 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2023 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 3 MUSK LANE?

3 MUSK LANE is 92m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 40% of detached houses in Sedgley, based on EPC data. The below chart shows the distribution of detached houses by size in Sedgley, and where 3 MUSK LANE lies on this distribution: 33% of detached houses are smaller than 3 MUSK LANE, and 64% of houses are larger. Note that EPC data is not available for all properties in Sedgley.

3 MUSK LANE: Plot and Title Map

3 MUSK LANE sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 3 MUSK LANE, 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 MUSK LANE). 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 MUSK LANE?

3 MUSK LANE is located in DUDLEY, in the DY3 postcode district. The below map shows the position of No. 3 on MUSK LANE.