1A, FORGE CLOSE, CHURCHBRIDGE, CANNOCK, WS11 8JJ - £315,000

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

1A FORGE CLOSE is a small detached house of 93m², built sometime between 2007 and 2011. It was last sold for £315,000 in April 2023, which was around 25% below the average April 2023 detached price in the South Staffordshire local authority area. The most recent EPC inspection was March 2022, where the current energy rating was A, and the potential energy rating was A.

1A FORGE CLOSE Sold Prices

Land registry data shows three sales for 1A FORGE 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 South Staffordshire local authority area for the corresponding sale date. All of the three 1A FORGE 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
2023 6 APR	£315,000	£418,775	25% below HPI
2015 4 FEB	£184,000	£265,019	31% below HPI
2010 24 SEP	£189,950	£265,706	29% below HPI

1A FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Staffordshire local authority area over time, sourced from the HPI. The three 1A FORGE CLOSE sales between September 2010 and April 2023 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 February 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the April 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 1A FORGE CLOSE?

1A FORGE CLOSE is 93m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 40% of detached houses in Great Wyrley, based on EPC data. The below chart shows the distribution of detached houses by size in Great Wyrley, and where 1A FORGE CLOSE lies on this distribution: 32% of detached houses are smaller than 1A FORGE CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Great Wyrley.

1A FORGE CLOSE: Plot and Title Map

1A FORGE CLOSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 1A FORGE 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 1A FORGE 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 1A FORGE CLOSE?

1A FORGE CLOSE is located in CHURCHBRIDGE, in the WS11 postcode district. The below map shows the position of No. 1A on FORGE CLOSE.