|"MILLIONAIRE'S ROW": Crawshaws Road was wrongly|
identified as the most expensive street in the West Midlands.
RESIDENTS in a Castle Bromwich cul-de-sac were as surprised as everyone else when their street was named the most sought after address in all the West Midlands.
Earlier this week, it was claimed that the mostly terrace houses in Crawshaws Road were changing hands for £3.6million.
This would have made them the most expensive homes outside of the South East, on a par with properties in the poshest parts of London.
Unfortunately, the road’s new found status as Solihull’s answer to South Kensington was short-lived.
A few hours later, the Zoopla website – who compiled the 2014 Property Rich List – admitted that they’d got their sums wrong.
A mistake in the formula, which was used to calculate property prices for thousands of streets across the region, meant that houses in Crawshaws Road were estimated at thirty times their real value.
The average asking price is in actual fact £125,000 – a rather more realistic price-tag for first time buyers.
Owning up to the error, a Zoopla spokesman said: “We have now updated [the figures] to reflect a more accurate average property value for that street.
“Consequently this street has not made it on to our Rich List.”
Luckily those living in the road, a stone's throw from the M6 motorway, saw the funny side of Zoopla’s blooper.
Tracy Hogan, who paid £140,000 for her three-bedroom house a decade ago, joked that residents could get gates fitted “to keep the riff raff out.”
• Once the list was corrected, Church Lane, in Meriden, emerged as the most expensive road in the West Midlands; houses there go under the hammer for an average of £1.39m. The Top 10 was dominated by the Birmingham suburbs of Edgbaston and Sutton Coldfield, although at £316,603, Solihull has the highest average property price.