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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 CHERRY BANK is a very small detached house of 81m², built sometime between 1983 and 1990. 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	£247,290	37% below HPI
2018 9 MAR	£155,000	£240,265	35% below HPI
2018 31 JAN	£163,000	£235,589	31% below HPI
2000 22 SEP	£77,500	£93,219	17% below HPI
1997 27 MAR	£57,000	£73,571	23% below HPI
1996 15 NOV	£58,000	£73,994	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.

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 in Cannock, based on EPC data. The below chart shows the distribution of detached houses by size in Cannock, and where 2 CHERRY BANK lies on this distribution: 17% of detached 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.