2, BUNGHAM LANE, PENKRIDGE, STAFFORD, ST19 5NH - £264,500

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.

2 BUNGHAM LANE is a small extended detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £316,100. It was last sold for £264,500 in March 2021, which was around 27% below the average March 2021 detached price in the South Staffordshire local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

2 BUNGHAM LANE Sold Prices

Land registry data shows two sales for 2 BUNGHAM LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. Both of the two 2 BUNGHAM LANE 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
2021 24 MAR	£264,500	£360,903	27% below HPI
2012 14 SEP	£205,000	£253,811	19% below HPI

2 BUNGHAM LANE 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 two 2 BUNGHAM LANE sales from September 2012 and March 2021 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 2012 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 BUNGHAM LANE be worth now?

2 BUNGHAM LANE might now be worth an estimated £316,100.

This is based on house price inflation of 19.5%, between March 2021 and February 2025, for detached houses, in the South Staffordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.5% inflationary increase is applied to the most recent sale price for 2 BUNGHAM LANE of £264,500 on 24th March 2021. For the value to have increased from £264,500 to £316,100 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 2 BUNGHAM LANE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The March 2021 sale price of £264,500 represented a fair market value for the property.
• The size, condition, and specification of 2 BUNGHAM LANE has not materially changed since March 2021.

How Large is 2 BUNGHAM LANE?

2 BUNGHAM LANE is 99m², which includes one extension, according to the EPC inspection conducted in March 2012. This puts it in the smallest 40% of detached houses houses in Penkridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penkridge, and where 2 BUNGHAM LANE lies on this distribution: 36% of detached houses houses are smaller than 2 BUNGHAM LANE, and 64% of houses are larger. Note that EPC data is not available for all properties in Penkridge.

2 BUNGHAM LANE: Plot and Title Map

2 BUNGHAM LANE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 2 BUNGHAM LANE, 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 2 BUNGHAM LANE). 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 2 BUNGHAM LANE?

2 BUNGHAM LANE is located in PENKRIDGE, in the ST19 postcode district. The below map shows the position of No. 2 on BUNGHAM LANE.