3, THE LENCHES, OLDBURY, B69 1BF - £148,500

3 THE LENCHES is a midsized extended detached house of 97m², built sometime between 2003 and 2006. It was last sold for £148,500 in May 2017, which was around 32% below the average May 2017 detached price in the Sandwell local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

3 THE LENCHES Sold Prices

Land registry data shows three sales for 3 THE LENCHES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. All of the three 3 THE LENCHES sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 2 MAY	£148,500	£218,196	32% below HPI
2005 1 JUL	£165,000	£177,693	7% below HPI
2004 3 DEC	£147,000	£175,221	16% below HPI

3 THE LENCHES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sandwell local authority area over time, sourced from the HPI. The three 3 THE LENCHES sales between December 2004 and May 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2005 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2017 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 3 THE LENCHES?

3 THE LENCHES is 97m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the smallest 50% of detached houses in Rowley Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Rowley Regis, and where 3 THE LENCHES lies on this distribution: 45% of detached houses are smaller than 3 THE LENCHES, and 54% of houses are larger. Note that EPC data is not available for all properties in Rowley Regis.

3 THE LENCHES: Plot and Title Map

3 THE LENCHES sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 3 THE LENCHES, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 THE LENCHES). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 THE LENCHES?

3 THE LENCHES is located in OLDBURY, in the B69 postcode district. The below map shows the position of No. 3 on THE LENCHES.