15, NICHOLSON WAY, LEEK, ST13 8TF - £240,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 NICHOLSON WAY is a very small detached house of 63m², built sometime between 1983 and 1990, which could now be worth an estimated £233,285. It was last sold for £240,000 in July 2024, which was around 25% below the average July 2024 detached price in the Staffordshire Moorlands local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

15 NICHOLSON WAY Sold Prices

Land registry data shows three sales for 15 NICHOLSON 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 Staffordshire Moorlands local authority area for the corresponding sale date. All of the three 15 NICHOLSON 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
2024 31 JUL	£240,000	£320,324	25% below HPI
2016 14 OCT	£150,000	£221,356	32% below HPI
2010 1 DEC	£135,000	£198,882	32% below HPI

15 NICHOLSON WAY 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 15 NICHOLSON WAY sales between December 2010 and July 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 October 2016 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2024 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 15 NICHOLSON WAY be worth now?

15 NICHOLSON WAY might now be worth an estimated £233,285.

This is based on house price deflation of 2.8%, between July 2024 and December 2024, for detached houses, in the Staffordshire Moorlands local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.8% deflationary decrease is applied to the most recent sale price for 15 NICHOLSON WAY of £240,000 on 31st July 2024. For the value to have decreased from £240,000 to £233,285 over the seven months to December 2024, the following assumptions must hold true:

• The value of 15 NICHOLSON WAY has moved in line with the HPI for detached houses in the Staffordshire Moorlands local authority area.
• The July 2024 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 15 NICHOLSON WAY has not materially changed since July 2024.

How Large is 15 NICHOLSON WAY?

15 NICHOLSON WAY is 63m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 10% of detached houses houses in Leek, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leek, and where 15 NICHOLSON WAY lies on this distribution: 10% of detached houses houses are smaller than 15 NICHOLSON WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Leek.

15 NICHOLSON WAY: Plot and Title Map

15 NICHOLSON WAY sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 15 NICHOLSON 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 NICHOLSON 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 NICHOLSON WAY?

15 NICHOLSON WAY is located in LEEK, in the ST13 postcode district. The below map shows the position of No. 15 on NICHOLSON WAY.