Cradley Heath

Area Guide For Cradley Heath

Cradley Heath is a residential area and ward in the Rowley Regis territory of the Sandwell Metropolitan Borough, West Midlands, England. Cradley Heath is regularly mistaken for neighboring Cradley in Halesowen, in spite of the fact that the two spots have long been in particular nearby powers, and until 1966 were in discrete provinces. A piece of the Black Country, Cradley Heath is one of a few towns in focal England still conspicuous from their initial twentieth century appearance. A hefty portion of the shops and houses in the High Street are as yet remaining following 100 years, however some were pulverized in the mid-2000s to clear a path for a detour, to simplicity blockage in the town focus. Cradley Heath is served by transport and rail administrations, with Cradley Heath track station and the transport station arranged together, shaping the Cradley Heath Interchange. The route is on the Birmingham to Worcester line, with normal administrations between the two. Transport administrations give associations with encompassing areas, for example, Birmingham, West Bromwich, and the Merry Hill Shopping Center.


Cradley Heath Map

Estimated Price: £146,310
Average Asking Price: £132,091
Price change in last one year: £19,675
Average Price Paid: £127,276
Average Rent Rates: £666


Property Prices Breakdown in Cradley Heath

Average Price for property in Cradley Heath is around £146,310 which varies based on type of property you are interested in and ranges from £223,200 for detached house to around £136,377 for semi-detached. Similarly terraced house is around £117,358 and a flat is worth £98,211. Values have been changing and have risen £2,411 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,439 in last 6 months, £19,675 in last 1 year, £19,234 in last 2 years, £16,796 in last 3 years, £17,695 in last 4 years and £20,472 in last 5 years.

Currently average asking price of a property in Cradley Heath is around £132,091 based on approximately 153 properties for sale. Same is the case with rental options based on 44 properties up for rent, average asking rent is around £666 per month.

Estimated property value in Cradley Heath is £146,310. Average asking price is £132,091 while average price paid is £134,172 which is up by £19,675 and Avg. asking rent £666.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Cradley Heath area. In last 1 year alone average price buyer paid is around £134,172 based on approximately 153 sales in Cradley Heath area alone. If you compare it to last 3 years sales of 435 properties where buyers paid around £127,338. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £127,276 for 688 and average amount paid for purchase of approx. 941 properties sold in last 7 years comes to about £125,926 per sale.


Properties For Sale in Cradley Heath


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £82,958, £113,002 for a 2 bedroom house, £149,202 for a 3 bedroom house and £218,618 for a 4 bedroom house. For a flat similarly the prices varies from £72,674 for a single bedroom to £77,465 for a 2 bedroom Flat. To sum up the asking prices for properties in Cradley Heath it comes to around average £76,531 for 1 bedroom property, £97,208 for 2 bedroom, £149,202 for 3 bedroom and £218,618 for 4 bedroom.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £415 for 1 bedroom to £469 for 2 bedroom, £590 for 3 bedroom and £650 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £377. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £490 and £451 for 3 bedroom. You should be generally be expecting around average £388 rent per month for single bedroom property, £482 for 2 bedroom, £578 for 3 bedroom and approximately £650 for 4 bedroom property in Cradley Heath area.

Popular Houses in Cradley Heath

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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