15, LEMA WAY, STAFFORD, ST16 3LB - £265,000

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

15 LEMA WAY is a large extended detached house of 124m², built sometime between 1983 and 1990. It was last sold for £265,000 in July 2016, which was around 2% below the average July 2016 detached price in the Stafford local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

15 LEMA WAY Sold Prices

Land registry data shows three sales for 15 LEMA WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Stafford local authority area for the corresponding sale date. All of the three 15 LEMA WAY 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
2016 8 JUL	£265,000	£270,246	2% below HPI
2003 6 JUN	£145,000	£175,607	17% below HPI
2000 26 MAY	£95,000	£108,167	12% below HPI

15 LEMA WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stafford local authority area over time, sourced from the HPI. The three 15 LEMA WAY sales between May 2000 and July 2016 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 June 2003 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2016 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 15 LEMA WAY?

15 LEMA WAY is 124m², which includes four extensions, according to the EPC inspection conducted in May 2014. This puts it in the largest 40% of detached houses in Stafford, based on EPC data. The below chart shows the distribution of detached houses by size in Stafford, and where 15 LEMA WAY lies on this distribution: 66% of detached houses are smaller than 15 LEMA WAY, and 32% of houses are larger. Note that EPC data is not available for all properties in Stafford.

15 LEMA WAY: Plot and Title Map

15 LEMA WAY sits on a plot of roughly 0.139 of an acre, or 563m². The below map shows the location of 15 LEMA WAY, 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 15 LEMA WAY). 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 15 LEMA WAY?

15 LEMA WAY is located in STAFFORD, in the ST16 postcode district. The below map shows the position of No. 15 on LEMA WAY.