2, FESTIVAL CLOSE, STOKE-ON-TRENT, ST6 3LG - £165,000

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 FESTIVAL CLOSE is a small detached house of 78m², built sometime between 1996 and 2002. It was last sold for £165,000 in December 2021, which was around 21% below the average December 2021 detached price in the Stoke-on-Trent 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 FESTIVAL CLOSE Sold Prices

Land registry data shows three sales for 2 FESTIVAL 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 Stoke-on-Trent local authority area for the corresponding sale date. Two of the three 2 FESTIVAL CLOSE sales were for below the average price, whilst one was for above 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 21 DEC	£165,000	£207,566	21% below HPI
2007 24 AUG	£130,000	£160,040	19% below HPI
2002 25 JUL	£79,950	£73,668	9% above HPI

2 FESTIVAL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stoke-on-Trent local authority area over time, sourced from the HPI. The three 2 FESTIVAL CLOSE sales between July 2002 and December 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 August 2007 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the December 2021 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 2 FESTIVAL CLOSE?

2 FESTIVAL CLOSE is 78m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 30% of detached houses in Stoke-on-Trent, based on EPC data. The below chart shows the distribution of detached houses by size in Stoke-on-Trent, and where 2 FESTIVAL CLOSE lies on this distribution: 28% of detached houses are smaller than 2 FESTIVAL CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Stoke-on-Trent.

2 FESTIVAL CLOSE: Plot and Title Map

2 FESTIVAL CLOSE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 2 FESTIVAL 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 2 FESTIVAL 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 2 FESTIVAL CLOSE?

2 FESTIVAL CLOSE is located in STOKE-ON-TRENT, in the ST6 postcode district. The below map shows the position of No. 2 on FESTIVAL CLOSE.