3, WATERY LANE, TIPTON, DY4 8NA - £146,500

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 WATERY LANE is a small detached house of 83m², built sometime between 1950 and 1966. It was last sold for £146,500 in March 2016, which was around 25% below the average March 2016 detached price in the Sandwell local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

3 WATERY LANE Sold Prices

Land registry data shows three sales for 3 WATERY LANE 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. All of the three 3 WATERY 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
2016 11 MAR	£146,500	£196,526	25% below HPI
2009 26 MAR	£120,000	£166,353	28% below HPI
1996 20 AUG	£56,500	£67,306	16% below HPI

3 WATERY LANE 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 WATERY LANE sales between August 1996 and March 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 March 2009 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the March 2016 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 3 WATERY LANE?

3 WATERY LANE is 83m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 30% 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 WATERY LANE lies on this distribution: 25% of detached houses are smaller than 3 WATERY LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Tipton.

3 WATERY LANE: Plot and Title Map

3 WATERY LANE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 3 WATERY 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 WATERY 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 WATERY LANE?

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