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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
2, Farmhouse Close, Cradley Heath is recorded publicly as a modern freehold house across 688 ft2 of internal area, sitting on a 125 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2, Farmhouse Close, Cradley Heath is £260,060 and its rental estimate is £1,165 per month, given the available information and assuming reasonable condition.
Farmhouse Close, Cradley Heath, B64 falls within the B64 postal district, in the borough of Sandwell.
2, Farmhouse Close, Cradley Heath has a single entry in the Land Registry from May 2022 and a single entry in the EPC database dated December 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Farmhouse Close, Cradley Heath, we estimate a market value of £273,063 and a rental value of £1,223 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £241,855 and £1,084 per month respectively.
Over the last year, 2, Farmhouse Close, Cradley Heath has seen its estimated sale value increase by £5,737 (2.2%) and its estimated rental value grow by £44 per month (3.7%). This results in an estimated gross rental yield of 5.4%.
HM Land Registry records the plot of land for 2, Farmhouse Close, Cradley Heath as measuring 125 m2.
That makes it the 6th largest plot in the postcode, where 6 of the 15 other houses have recorded plot data.
2, 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 Boiler and radiators, mains gas.
The most recent sale of 2, Farmhouse Close, Cradley Heath completed on 24th May 2022 at £230,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 14.9% over the period since May 2022.
Over the past 2 years 3 properties similar to 2, Farmhouse Close, Cradley Heath have sold within a radius of 640 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th April 2024, was 8, Emeline Close, Cradley Heath, B64 7AZ, a freehold house which sold for £235,500.
Read more about house prices in B64.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 15 addresses on Farmhouse Close, Cradley Heath, B64, 2, Farmhouse Close, Cradley Heath comes out as the 12th largest and the 11th most expensive in our analysis of the public data.
It is also £46k more expensive than the average property across the B64 district.
From 2, Farmhouse Close, Cradley Heath, the nearest station is Old Hill, 400 metres away.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, 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 West Midlands 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 2, 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 West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, 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 2, 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 2, 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.
