2, MICKLEWOOD CLOSE, PENKRIDGE, STAFFORD, ST19 5JE - £240,000

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 MICKLEWOOD CLOSE is a very small detached house of 74m², built sometime between 1976 and 1982, which could now be worth an estimated £330,060. It was last sold for £240,000 in November 2017, which was around 22% below the average November 2017 detached price in the South Staffordshire local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

2 MICKLEWOOD CLOSE Sold Prices

Land registry data shows two sales for 2 MICKLEWOOD CLOSE 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 MICKLEWOOD 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
2017 30 NOV	£240,000	£308,606	22% below HPI
2003 14 MAR	£133,000	£185,994	28% below HPI

2 MICKLEWOOD 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 two 2 MICKLEWOOD CLOSE sales from March 2003 and November 2017 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 2003 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2017 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2 MICKLEWOOD CLOSE be worth now?

2 MICKLEWOOD CLOSE might now be worth an estimated £330,060.

This is based on house price inflation of 37.5%, between November 2017 and March 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 37.5% inflationary increase is applied to the most recent sale price for 2 MICKLEWOOD CLOSE of £240,000 on 30th November 2017. For the value to have increased from £240,000 to £330,060 over the eight years and eight months to March 2025, the following assumptions must hold true:

• The value of 2 MICKLEWOOD CLOSE has moved in line with the HPI for detached houses in the South Staffordshire local authority area.
• The November 2017 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MICKLEWOOD CLOSE has not materially changed since November 2017.

How Large is 2 MICKLEWOOD CLOSE?

2 MICKLEWOOD CLOSE is 74m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% 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 MICKLEWOOD CLOSE lies on this distribution: 5% of detached houses houses are smaller than 2 MICKLEWOOD CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Penkridge.

2 MICKLEWOOD CLOSE: Plot and Title Map

2 MICKLEWOOD CLOSE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 2 MICKLEWOOD 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 MICKLEWOOD 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 MICKLEWOOD CLOSE?

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