CHERRYTREES, THE RIDGEWAY, DUDLEY, DY3 3UN - £427,500

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

CHERRYTREES is a midsized extended detached house of 104m², built sometime between 1950 and 1966. It was last sold for £427,500 in September 2022, which was around 22% above the average September 2022 detached price in the Dudley local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

CHERRYTREES Sold Prices

Land registry data shows three sales for CHERRYTREES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. Two of the three CHERRYTREES sales were for above the average price, whilst one was 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
2022 30 SEP	£427,500	£349,040	22% above HPI
2016 28 SEP	£274,320	£235,737	16% above HPI
2016 23 MAR	£175,000	£219,318	20% below HPI

CHERRYTREES 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 three CHERRYTREES sales between March 2016 and September 2022 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 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the September 2022 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is CHERRYTREES?

CHERRYTREES is 104m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the largest 50% of detached houses in Sedgley, based on EPC data. The below chart shows the distribution of detached houses by size in Sedgley, and where CHERRYTREES lies on this distribution: 51% of detached houses are smaller than CHERRYTREES, and 48% of houses are larger. Note that EPC data is not available for all properties in Sedgley.

CHERRYTREES: Plot and Title Map

CHERRYTREES sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of CHERRYTREES, 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 CHERRYTREES). 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 CHERRYTREES?

CHERRYTREES is located on THE RIDGEWAY in DUDLEY, in the DY3 postcode district. The below map shows the position of CHERRYTREES on THE RIDGEWAY.