18, PENZANCE CLOSE, MACCLESFIELD, SK10 3JB - £230,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

18 PENZANCE CLOSE is a small detached house of 91m², built sometime between 1976 and 1982, which could now be worth an estimated £380,270. It was last sold for £230,000 in June 2007, which was around 21% below the average June 2007 detached price in the Cheshire East local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

18 PENZANCE CLOSE Sold Prices

Land registry data shows three sales for 18 PENZANCE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cheshire East local authority area for the corresponding sale date. All of the three 18 PENZANCE 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
2007 28 JUN	£230,000	£291,706	21% below HPI
2005 16 SEP	£214,500	£268,739	20% below HPI
2002 5 AUG	£156,000	£178,227	12% below HPI

18 PENZANCE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire East local authority area over time, sourced from the HPI. The three 18 PENZANCE CLOSE sales between August 2002 and June 2007 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 September 2005 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2007 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 18 PENZANCE CLOSE be worth now?

18 PENZANCE CLOSE might now be worth an estimated £380,270.

This is based on house price inflation of 65.3%, between June 2007 and February 2025, for detached houses, in the Cheshire East local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 65.3% inflationary increase is applied to the most recent sale price for 18 PENZANCE CLOSE of £230,000 on 28th June 2007. For the value to have increased from £230,000 to £380,270 over the eighteen years and four months to February 2025, the following assumptions must hold true:

• The value of 18 PENZANCE CLOSE has moved in line with the HPI for detached houses in the Cheshire East local authority area.
• The June 2007 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 18 PENZANCE CLOSE has not materially changed since June 2007.

How Large is 18 PENZANCE CLOSE?

18 PENZANCE CLOSE is 91m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 30% of detached houses houses in Macclesfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Macclesfield, and where 18 PENZANCE CLOSE lies on this distribution: 20% of detached houses houses are smaller than 18 PENZANCE CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Macclesfield.

18 PENZANCE CLOSE: Plot and Title Map

18 PENZANCE CLOSE sits on a plot of roughly 4.3 acres, or 17,267m². The below map shows the location of 18 PENZANCE 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 18 PENZANCE 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 18 PENZANCE CLOSE?

18 PENZANCE CLOSE is located in MACCLESFIELD, in the SK10 postcode district. The below map shows the position of No. 18 on PENZANCE CLOSE.