3A, THE STRAITS, DUDLEY, DY3 3AA - £255,000

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.

3A THE STRAITS is a very small detached house of 77m², built sometime from 2012 onwards, which could now be worth an estimated £345,802. It was last sold for £255,000 in February 2019, which was around 1% below the average February 2019 detached price in the Dudley local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

3A THE STRAITS Sold Prices

Land registry data shows two sales for 3A THE STRAITS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. One of the two 3A THE STRAITS sales was for below the average price, whilst the other 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
2019 13 FEB	£255,000	£256,959	1% below HPI
2011 15 DEC	£210,000	£190,015	11% above HPI

3A THE STRAITS 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 two 3A THE STRAITS sales from December 2011 and February 2019 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 December 2011 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the February 2019 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 3A THE STRAITS be worth now?

3A THE STRAITS might now be worth an estimated £345,802.

This is based on house price inflation of 35.6%, between February 2019 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 35.6% inflationary increase is applied to the most recent sale price for 3A THE STRAITS of £255,000 on 13th February 2019. For the value to have increased from £255,000 to £345,802 over the six years to February 2025, the following assumptions must hold true:

• The value of 3A THE STRAITS has moved in line with the HPI for detached houses in the Dudley local authority area.
• The February 2019 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 3A THE STRAITS has not materially changed since February 2019.

How Large is 3A THE STRAITS?

3A THE STRAITS is 77m² according to the EPC inspection conducted in July 2023. This puts it in the smallest 20% 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 3A THE STRAITS lies on this distribution: 13% of detached houses houses are smaller than 3A THE STRAITS, and 86% of houses are larger. Note that EPC data is not available for all properties in Sedgley.

3A THE STRAITS: Plot and Title Map

3A THE STRAITS sits on a plot of roughly 0.151 of an acre, or 610m². The below map shows the location of 3A THE STRAITS, 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 3A THE STRAITS). 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 3A THE STRAITS?

3A THE STRAITS is located in DUDLEY, in the DY3 postcode district. The below map shows the position of No. 3A on THE STRAITS.