56, BANNISTER STREET, CRADLEY HEATH, B64 5EQ - £145,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

56 BANNISTER STREET is a midsized extended detached house of 98m², built sometime between 1900 and 1929. It was last sold for £145,000 in June 2014, which was around 16% below the average June 2014 detached price in the Sandwell local authority area. The most recent EPC inspection was August 2014, where the current energy rating was F, and the potential energy rating was C.

56 BANNISTER STREET Sold Prices

Land registry data shows two sales for 56 BANNISTER STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. Both of the two 56 BANNISTER STREET 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
2014 20 JUN	£145,000	£172,099	16% below HPI
2008 11 JAN	£133,000	£189,594	30% below HPI

56 BANNISTER STREET 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 two 56 BANNISTER STREET sales from January 2008 and June 2014 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 January 2008 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the June 2014 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 56 BANNISTER STREET be worth now?

56 BANNISTER STREET might now be worth an estimated £267,043.

This is based on house price inflation of 84.2%, between June 2014 and December 2024, for detached houses, in the Sandwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 84.2% inflationary increase is applied to the most recent sale price for 56 BANNISTER STREET of £145,000 on 20th June 2014. For the value to have increased from £145,000 to £267,043 over the nine years and six months to December 2024, the following assumptions must hold true:

• The value of 56 BANNISTER STREET has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The June 2014 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 56 BANNISTER STREET has not materially changed since June 2014.

How Large is 56 BANNISTER STREET?

56 BANNISTER STREET is 98m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 50% of detached houses houses in Cradley Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cradley Heath, and where 56 BANNISTER STREET lies on this distribution: 49% of detached houses houses are smaller than 56 BANNISTER STREET, and 50% of houses are larger. Note that EPC data is not available for all properties in Cradley Heath.

56 BANNISTER STREET: Plot and Title Map

56 BANNISTER STREET sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 56 BANNISTER STREET, 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 56 BANNISTER STREET). 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 56 BANNISTER STREET?

56 BANNISTER STREET is located in CRADLEY HEATH, in the B64 postcode district. The below map shows the position of No. 56 on BANNISTER STREET.