2, CHERRY BANK, HEDNESFORD, CANNOCK, WS12 4DF - £155,000

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.

2 CHERRY BANK is a very small detached house of 81m², built sometime between 1983 and 1990, which could now be worth an estimated £211,837. It was last sold for £155,000 in November 2018, which was around 37% below the average November 2018 detached price in the Cannock Chase local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

2 CHERRY BANK Sold Prices

Land registry data shows six sales for 2 CHERRY BANK since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Cannock Chase local authority area for the corresponding sale date. All of the six 2 CHERRY BANK 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
2018 21 NOV	£155,000	£246,995	37% below HPI
2018 9 MAR	£155,000	£239,979	35% below HPI
2018 31 JAN	£163,000	£235,308	31% below HPI
2000 22 SEP	£77,500	£93,108	17% below HPI
1997 27 MAR	£57,000	£73,483	22% below HPI
1996 15 NOV	£58,000	£73,906	22% below HPI

2 CHERRY BANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cannock Chase local authority area over time, sourced from the HPI. The six 2 CHERRY BANK sales between November 1996 and November 2018 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 March 2018 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2018 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 2 CHERRY BANK be worth now?

2 CHERRY BANK might now be worth an estimated £211,837.

This is based on house price inflation of 36.7%, between November 2018 and February 2025, for detached houses, in the Cannock Chase local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.7% inflationary increase is applied to the most recent sale price for 2 CHERRY BANK of £155,000 on 21st November 2018. For the value to have increased from £155,000 to £211,837 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 CHERRY BANK has moved in line with the HPI for detached houses in the Cannock Chase local authority area.
• The November 2018 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHERRY BANK has not materially changed since November 2018.

How Large is 2 CHERRY BANK?

2 CHERRY BANK is 81m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 20% of detached houses houses in Cannock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cannock, and where 2 CHERRY BANK lies on this distribution: 17% of detached houses houses are smaller than 2 CHERRY BANK, and 82% of houses are larger. Note that EPC data is not available for all properties in Cannock.

2 CHERRY BANK: Plot and Title Map

2 CHERRY BANK sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 2 CHERRY BANK, 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 CHERRY BANK). 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 CHERRY BANK?

2 CHERRY BANK is located in HEDNESFORD, in the WS12 postcode district. The below map shows the position of No. 2 on CHERRY BANK.