1, NOVI LANE, LEEK, ST13 6NR - £320,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 NOVI LANE is a large extended detached house of 116m², built sometime between 1950 and 1966. It was last sold for £320,000 in August 2024, which was about the average August 2024 detached price in the Staffordshire Moorlands local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was C.

1 NOVI LANE Sold Prices

Land registry data shows three sales for 1 NOVI LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Staffordshire Moorlands local authority area for the corresponding sale date. The three 1 NOVI LANE sales were a mix of roughly equal to the average price, above the average price, and 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
2024 23 AUG	£320,000	£318,654	Close to HPI
2007 21 AUG	£290,000	£211,493	37% above HPI
1997 2 OCT	£12,500	£72,914	83% below HPI

1 NOVI LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Staffordshire Moorlands local authority area over time, sourced from the HPI. The three 1 NOVI LANE sales between October 1997 and August 2024 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 August 2007 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the August 2024 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 1 NOVI LANE?

1 NOVI LANE is 116m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the largest 40% of detached houses in Leek, based on EPC data. The below chart shows the distribution of detached houses by size in Leek, and where 1 NOVI LANE lies on this distribution: 64% of detached houses are smaller than 1 NOVI LANE, and 35% of houses are larger. Note that EPC data is not available for all properties in Leek.

1 NOVI LANE: Plot and Title Map

1 NOVI LANE sits on a plot of roughly 0.182 of an acre, or 736m². The below map shows the location of 1 NOVI LANE, 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 1 NOVI LANE). 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 1 NOVI LANE?

1 NOVI LANE is located in LEEK, in the ST13 postcode district. The below map shows the position of No. 1 on NOVI LANE.