According to the public record, 3, The Parade, Cradley Heath is a early-century freehold house with 1,033 ft2 of internal area and sits on a 216 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
The Parade, Cradley Heath, B64 is located in the borough of Sandwell within the B64 postal district.
3, The Parade, Cradley Heath has 2 entries in the Land Registry database, most recently in October 2007 and a single entry in the EPC database dated April 2014.
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 3 The Parade Cradley Heath as £162,486 and the rental value as £788 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 3 The Parade Cradley Heath has increased by £9,919 (6.1%) and its rental value has increased by £37 per month (4.6%).
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 3, The Parade, Cradley Heath is in very good condition we estimate a sale value of £170,610 and rental value of £828 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £151,112 and a rental value of £733 per month.
If you were able to purchase this property for the estimated value of £162,486, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £799 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 data from HM Land Registry, 3, The Parade, Cradley Heath sits on a plot of 216m2.
We have plot size data on 31 out of 63 other houses in the postcode and 3, The Parade, Cradley Heath sits on the 15th largest plot.
According to HM Land Registry, 3, The Parade, Cradley Heath was last sold on 05 Oct 2007 for £119,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2007, the market for similar properties has risen 67.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, The Parade, Cradley Heath within a radius of 560 metres over the last 2 years.
The most recent example is 4, The Parade, Cradley Heath, B64 7EF, a Freehold house which sold for £145,500 in Jun 2023.
Read more about house prices in B64.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Parade, Cradley Heath, B64 has a total of 70 addresses. According to our analysis of all the public data, 3, The Parade, Cradley Heath is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £65k less expensive than the average property in B64.
3, The Parade, Cradley Heath has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 16 Apr 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 3, The Parade, Cradley Heath is Old Hill station which is 1.0 kilometres 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 3, The Parade, Cradley Heath, 53.6% of property is socially rented and 18.2% 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 3, The Parade, Cradley Heath, 31.3% of residents are recorded as possessing school level qualifications and 17.8% 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 3, The Parade, Cradley Heath, the average age was 39.1 and the most common age was 52.
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 3, The Parade, Cradley Heath, 0.0% 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 3, The Parade, Cradley Heath, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.