3, THE LEASOWES, TIPTON, DY4 7LT - £400,000

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

3 THE LEASOWES is a very large detached house of 202m², built sometime between 2003 and 2006. It was last sold for £400,000 in September 2021, which was around 35% above the average September 2021 detached price in the Sandwell local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was C.

3 THE LEASOWES Sold Prices

Land registry data shows four sales for 3 THE LEASOWES 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 3 THE LEASOWES sales 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
2021 20 SEP	£400,000	£297,231	35% above HPI
2016 9 SEP	£292,000	£212,885	37% above HPI
2006 24 MAR	£260,000	£181,068	44% above HPI
2004 27 AUG	£264,950	£169,936	56% above HPI

3 THE LEASOWES 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 3 THE LEASOWES sales between August 2004 and September 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 September 2016 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the September 2021 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is 3 THE LEASOWES?

3 THE LEASOWES is 202m² according to the EPC inspection conducted in March 2016. This puts it in the largest 10% of detached houses in Tipton, based on EPC data. The below chart shows the distribution of detached houses by size in Tipton, and where 3 THE LEASOWES lies on this distribution: 99% of detached houses are smaller than 3 THE LEASOWES, and 1% of houses are larger. Note that EPC data is not available for all properties in Tipton.

3 THE LEASOWES: Plot and Title Map

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

3 THE LEASOWES is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 3 on THE LEASOWES.