THE PATCH, SOUTH AVENUE, STOURBRIDGE, DY8 3XY - £270,000

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

THE PATCH is a very small detached house of 68m², built sometime between 1967 and 1975. It was last sold for £270,000 in August 2019, which was around 1% below the average August 2019 detached price in the Dudley local authority area. The most recent EPC inspection was January 2019, where the current energy rating was E, and the potential energy rating was B.

THE PATCH Sold Prices

Land registry data shows three sales for THE PATCH 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. All of the three THE PATCH 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
2019 9 AUG	£270,000	£273,337	1% below HPI
2010 5 NOV	£133,000	£205,692	35% below HPI
1996 22 OCT	£60,000	£77,798	23% below HPI

THE PATCH 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 THE PATCH sales between October 1996 and August 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 November 2010 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the August 2019 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is THE PATCH?

THE PATCH is 68m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 10% of detached houses in Stourbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Stourbridge, and where THE PATCH lies on this distribution: 5% of detached houses are smaller than THE PATCH, and 94% of houses are larger. Note that EPC data is not available for all properties in Stourbridge.

THE PATCH: Plot and Title Map

THE PATCH sits on a plot of roughly 0.041 of an acre, or 164m². The below map shows the location of THE PATCH, 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 THE PATCH). 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 THE PATCH?

THE PATCH is located on SOUTH AVENUE in STOURBRIDGE, in the DY8 postcode district. The below map shows the position of THE PATCH on SOUTH AVENUE.