CHASEWAYS, CANNOCK ROAD, PENKRIDGE, STAFFORD, ST19 5DT - £400,000

CHASEWAYS is a very small extended detached house of 83m², built sometime between 1967 and 1975. It was last sold for £400,000 in October 2021, which was around 7% above the average October 2021 detached price in the South Staffordshire local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

CHASEWAYS Sold Prices

Land registry data shows three sales for CHASEWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. Two of the three CHASEWAYS sales were for above the average price, whilst one was 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
2021 8 OCT	£400,000	£374,558	7% above HPI
2021 8 JAN	£375,000	£362,035	4% above HPI
2018 2 NOV	£236,000	£322,318	27% below HPI

CHASEWAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Staffordshire local authority area over time, sourced from the HPI. The three CHASEWAYS sales between November 2018 and October 2021 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 January 2021 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the October 2021 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is CHASEWAYS?

CHASEWAYS is 83m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 20% of detached houses in Penkridge, based on EPC data. The below chart shows the distribution of detached houses by size in Penkridge, and where CHASEWAYS lies on this distribution: 16% of detached houses are smaller than CHASEWAYS, and 83% of houses are larger. Note that EPC data is not available for all properties in Penkridge.

CHASEWAYS: Plot and Title Map

CHASEWAYS sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of CHASEWAYS, 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 CHASEWAYS). 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 CHASEWAYS?

CHASEWAYS is located on CANNOCK ROAD in PENKRIDGE, in the ST19 postcode district. The below map shows the position of CHASEWAYS on CANNOCK ROAD.