8, Farmhouse Close
8, Farmhouse Close
Description & Estimates
8, Farmhouse Close, Cradley Heath is recorded publicly as a modern freehold house across 850 ft2 of internal area, sitting on a 195 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 8, Farmhouse Close, Cradley Heath is £285,482 and its rental estimate is £1,228 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.
Our Data Sources
8, Farmhouse Close, Cradley Heath has a single entry in the Land Registry from December 2021 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.
Price Range & Condition
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 8, Farmhouse Close, Cradley Heath, we estimate a market value of £299,756 and a rental value of £1,290 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £265,498 and £1,142 per month respectively.
Recent Market Change
Over the last year, 8, Farmhouse Close, Cradley Heath has seen its estimated sale value rise by £6,298 (2.2%) and its estimated rental value move up by £46 per month (3.7%). This results in an estimated gross rental yield of 5.2%.
Plot Size
HM Land Registry records the plot of land for 8, Farmhouse Close, Cradley Heath as measuring 195 m2.
That makes it the 5th largest plot in the postcode, where 6 of the 15 other houses have recorded plot data.
Energy Efficiency
8, Farmhouse Close, Cradley Heath has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Dec 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 8, Farmhouse Close, Cradley Heath completed on 21st December 2021 at £250,000 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 10.1% over the period since December 2021.
- Sold Dec 2021£250,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Farmhouse Close, Cradley Heath have sold within a radius of 650 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st July 2022, was 7, Farmhouse Close, Cradley Heath, B64 7BQ, a freehold house which sold for £280,000.
Read more about house prices in B64.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 15 addresses on Farmhouse Close, Cradley Heath, B64, 8, Farmhouse Close, Cradley Heath comes out as the 8th largest and the 8th most expensive in our analysis of the public data.
It is also £71k more expensive than the average property across the B64 district.
More reading links
Schools Nearby
- 600mTemple Meadow Primary School
- 900mOld Hill Primary School
- 1.0kmTimbertree Academy
- 1.0kmOrmiston Forge Academy
- 1.7kmThe Earls High School
- 1.8kmWindsor High School and Sixth Form
More reading links
Public Transport Nearby
From 8, Farmhouse Close, Cradley Heath, the nearest station is Old Hill, 400 metres away.
- 400mOld Hill
- 2.2kmCradley Heath
- 2.2kmRowley Regis
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
