According to the public record, 15, Farmhouse Close, Cradley Heath is a mid-century freehold house and with 947 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Farmhouse Close, Cradley Heath, B64 is located in the borough of Sandwell within the B64 postal district.
15, Farmhouse Close, Cradley Heath has a single entry in the Land Registry database from June 2022 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 15 Farmhouse Close Cradley Heath as £308,102 and the rental value as £1,094 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 15 Farmhouse Close Cradley Heath has increased by £12,736 (4.1%) and its rental value has increased by £29 per month (2.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 15, Farmhouse Close, Cradley Heath is in very good condition we estimate a sale value of £323,507 and rental value of £1,148 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £286,534 and a rental value of £1,017 per month.
If you were able to purchase this property for the estimated value of £308,102, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,514 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 15, Farmhouse Close, Cradley Heath was last sold on 10 Jun 2022 for £315,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2022, the market for similar properties has risen 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Farmhouse Close, Cradley Heath within a radius of 93m over the last 2 years.
The most recent example is 7, Farmhouse Close, Cradley Heath, B64 7BQ, a Freehold house which sold for £280,000 in Jul 2022.
Read more about house prices in B64.
Farmhouse Close, Cradley Heath, B64 has a total of 15 addresses. According to our analysis of all the public data, 15, Farmhouse Close, Cradley Heath is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £81k more expensive than the average property in B64.
15, Farmhouse Close, Cradley Heath has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Dec 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 15, Farmhouse Close, Cradley Heath is Old Hill station which is 400 m away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 15, Farmhouse Close, Cradley Heath, 58.9% of property is privately owned outright and 33.6% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 15, Farmhouse Close, Cradley Heath, 13.8% of residents are recorded as possessing school level qualifications and 33.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 15, Farmhouse Close, Cradley Heath, the average age was 38.8 and the most common age was 32.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 15, Farmhouse Close, Cradley Heath, 2.3% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 15, Farmhouse Close, Cradley Heath, there are an average of 1.7 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.