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House Prices in B64

The average house price in B64 (Cradley Heath) is £196,666 using HM Land Registry data.

The average property price increased by £69,031 (12.54%) over the last 5 years and increased by £13,800 (2.08%) over the last 12 months.

Over the last year, there were 137 residential property sales – a decrease of 73 transactions (-53.28%) relative to the previous year. The majority of house sales (46) were in the £156,000 - £202,000 range. Then came properties in the £202,000 - £248,000 range, where 21 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 50 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,101 (-2%).

In June 2024, there were 22 new estate agency instructions, 20 agreed home sales and 23 property price reductions.

5-Year Average Property Prices in B64 (Cradley Heath)

12.54%

Property prices in Cradley Heath increased by 12.54% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in B64 (Cradley Heath) Over the Last Year

2.08%

Property prices in Cradley Heath increased by 2.08% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for B64 (Cradley Heath) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in B64 (Cradley Heath)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in B64 (Cradley Heath)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in B64 (Cradley Heath)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the B64 (Cradley Heath) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B64 postcode area since 1995.

Recent Sales in B64 (Cradley Heath)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
8 Luanne Close, Cradley Heath, West Midlands, B64 6SH	£109,950	£107,000	-£2,950	16 Jan 2024	03 May 2024	108 Days
8 Archer Gardens, Cradley Heath, West Midlands, B64 5EW	£105,000	£105,000	£00	01 Nov 2023	19 Apr 2024	170 Days
14 Victoria Gardens, Cradley Heath, West Midlands, B64 5LX	£80,000	£79,000	-£1,000	31 Oct 2023	28 Mar 2024	149 Days
67 Trejon Road, Cradley Heath, West Midlands, B64 7HJ	£200,000	£185,000	-£15,000	19 Apr 2023	22 Mar 2024	338 Days
36 Haden Park Road, Cradley Heath, West Midlands, B64 7HF	£400,000	£382,500	-£17,500	28 Sep 2023	06 Mar 2024	160 Days
50 Brook Lane, Cradley Heath, West Midlands, B64 5JP	£180,000	£175,000	-£5,000	14 Jun 2023	26 Feb 2024	257 Days
33 Elbow Street, Cradley Heath, West Midlands, B64 6JP	£118,000	£118,000	£00	27 Jul 2023	25 Jan 2024	182 Days
338 Halesowen Road, Cradley Heath, West Midlands, B64 7JT	£345,000	£325,000	-£20,000	19 Oct 2023	12 Jan 2024	85 Days
11 Grange Road, Cradley Heath, West Midlands, B64 6RS	£165,000	£165,000	£00	24 Aug 2023	11 Jan 2024	140 Days
60 Barrs Road, Cradley Heath, West Midlands, B64 7HH	£275,000	£260,000	-£15,000	14 Jul 2023	08 Jan 2024	178 Days
15 Hadendale, Cradley Heath, West Midlands, B64 7JW	£290,000	£288,000	-£2,000	18 Sep 2023	20 Dec 2023	93 Days
3 Cherry Drive, Cradley Heath, West Midlands, B64 6SB	£169,950	£160,000	-£9,950	04 Jul 2023	19 Dec 2023	168 Days
26 Luanne Close, Cradley Heath, West Midlands, B64 6SH	£125,000	£123,500	-£1,500	24 Aug 2023	15 Dec 2023	113 Days
40 Owens Way, Cradley Heath, West Midlands, B64 6SE	£255,000	£245,000	-£10,000	19 Jun 2023	11 Dec 2023	175 Days
29 Grange Road, Cradley Heath, West Midlands, B64 6RT	£200,000	£190,000	-£10,000	26 Jun 2023	11 Dec 2023	168 Days
43 Trinity Street, Cradley Heath, West Midlands, B64 6HS	£190,000	£190,000	£00	16 Jun 2023	08 Dec 2023	175 Days
3 Newland Gardens, Cradley Heath, West Midlands, B64 7HQ	£279,950	£267,500	-£12,450	03 Aug 2023	06 Dec 2023	125 Days
6 Mission Close, Cradley Heath, West Midlands, B64 6SG	£315,000	£305,000	-£10,000	24 May 2023	04 Dec 2023	194 Days
33 Bluebell Road, Cradley Heath, West Midlands, B64 5NP	£225,000	£216,000	-£9,000	10 Aug 2023	30 Nov 2023	112 Days
51 Best Street, Cradley Heath, West Midlands, B64 5NY	£200,000	£198,000	-£2,000	28 Jun 2023	24 Nov 2023	149 Days

Most Expensive Streets in B64 (Cradley Heath)

Postcode	Street	Area	Average	No. of Sales
B64 7JS	The Crescent	Cradley Heath	£430,833	3
B64 7HE	Haden Park Road	Cradley Heath	£420,000	4
B64 7HF	Haden Park Road	Cradley Heath	£393,000	10
B64 7LE	Timbertree Road	Cradley Heath	£382,500	5
B64 7ER	Rowley Hill View	Cradley Heath	£362,666	3
B64 7HB	Barrs Road	Cradley Heath	£358,750	4
B64 7EZ	Barrs Road	Cradley Heath	£341,937	4
B64 7JT	Halesowen Road	Cradley Heath	£341,666	3
B64 7HR	Cricketers Meadow	Cradley Heath	£341,625	4
B64 7RH	Bishops Walk	Cradley Heath	£327,666	3

Least Expensive Streets in B64 (Cradley Heath)

Postcode	Street	Area	Average	No. of Sales
B64 6NW	Great Western Drive	Cradley Heath	£80,000	3
B64 5BF	Hampton Court, High Street, Cradley Heath	Cradley Heath	£81,400	5
B64 6HB	Hingley Court, Hill Passage	Cradley Heath	£82,000	4
B64 7DR	Red Brick Close	Cradley Heath	£88,750	3
B64 5LX	Victoria Gardens	Cradley Heath	£89,400	5
B64 5EW	Archer Gardens	Cradley Heath	£97,250	4
B64 5LN	Beech Mews	Cradley Heath	£98,333	3
B64 6QJ	Clifton Street	Cradley Heath	£106,800	5
B64 5JE	Reddal Hill Road	Cradley Heath	£107,555	9
B64 6DP	Mossvale Close	Cradley Heath	£113,599	5