According to the public record, 42, The Parade, Cradley Heath is a early-century freehold house with 785 ft2 of internal area and sits on a 258 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.
42, The Parade, Cradley Heath has a single entry in the Land Registry database from January 2010 and a single entry in the EPC database dated July 2019.
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 42 The Parade Cradley Heath as £141,553 and the rental value as £740 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 42 The Parade Cradley Heath has increased by £8,641 (6.1%) and its rental value has increased by £34 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 42, The Parade, Cradley Heath is in very good condition we estimate a sale value of £148,630 and rental value of £777 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £131,644 and a rental value of £688 per month.
If you were able to purchase this property for the estimated value of £141,553, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £696 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, 42, The Parade, Cradley Heath sits on a plot of 258m2.
We have plot size data on 31 out of 63 other houses in the postcode and 42, The Parade, Cradley Heath sits on the 7th largest plot.
According to HM Land Registry, 42, The Parade, Cradley Heath was last sold on 29 Jan 2010 for £93,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2010, the market for similar properties has risen 85.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, The Parade, Cradley Heath within a radius of 470 metres over the last 2 years.
The most recent example is 64, Codsall Road, Cradley Heath, B64 7DZ, a Freehold house which sold for £140,000 in May 2022.
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, 42, The Parade, Cradley Heath is the 50th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £85k less expensive than the average property in B64.
42, The Parade, Cradley Heath has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Jul 2019.
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 42, 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 42, 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 42, 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 42, 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 42, 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 42, 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.