14, CHESTNUT CLOSE, HANDSACRE, RUGELEY, WS15 4TH - £335,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

14 CHESTNUT CLOSE is a large extended detached house of 117m², built sometime between 2003 and 2006. It was last sold for £335,000 in December 2022, which was around 30% below the average December 2022 detached price in the Lichfield local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

14 CHESTNUT CLOSE Sold Prices

Land registry data shows five sales for 14 CHESTNUT CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the five 14 CHESTNUT CLOSE 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
2022 15 DEC	£335,000	£481,631	30% below HPI
2019 3 MAY	£270,000	£364,515	26% below HPI
2008 20 JUN	£222,500	£293,589	24% below HPI
2000 9 JUN	£117,500	£134,529	13% below HPI
1999 22 OCT	£102,000	£131,347	22% below HPI

14 CHESTNUT CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The five 14 CHESTNUT CLOSE sales between October 1999 and December 2022 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 May 2019 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the December 2022 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 14 CHESTNUT CLOSE?

14 CHESTNUT CLOSE is 117m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the largest 40% of detached houses in Armitage, based on EPC data. The below chart shows the distribution of detached houses by size in Armitage, and where 14 CHESTNUT CLOSE lies on this distribution: 65% of detached houses are smaller than 14 CHESTNUT CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Armitage.

14 CHESTNUT CLOSE: Plot and Title Map

14 CHESTNUT CLOSE sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 14 CHESTNUT CLOSE, 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 14 CHESTNUT CLOSE). 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 14 CHESTNUT CLOSE?

14 CHESTNUT CLOSE is located in HANDSACRE, in the WS15 postcode district. The below map shows the position of No. 14 on CHESTNUT CLOSE.