2, NEWMARKET ROAD, NORTON CANES, CANNOCK, WS11 9FF - £242,000

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 NEWMARKET ROAD is a very large detached house of 155m², built sometime between 1996 and 2002. It was last sold for £242,000 in November 2014, which was around 17% above the average November 2014 detached price in the Cannock Chase local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was B.

2 NEWMARKET ROAD Sold Prices

Land registry data shows three sales for 2 NEWMARKET ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cannock Chase local authority area for the corresponding sale date. All of the three 2 NEWMARKET ROAD sales were 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
2014 13 NOV	£242,000	£207,506	17% above HPI
2003 25 APR	£165,000	£135,886	21% above HPI
2002 18 DEC	£165,000	£125,327	32% above HPI

2 NEWMARKET ROAD 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 three 2 NEWMARKET ROAD sales between December 2002 and November 2014 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 April 2003 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the November 2014 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 2 NEWMARKET ROAD?

2 NEWMARKET ROAD is 155m² according to the EPC inspection conducted in March 2015. This puts it in the largest 10% of detached houses in Norton Canes, based on EPC data. The below chart shows the distribution of detached houses by size in Norton Canes, and where 2 NEWMARKET ROAD lies on this distribution: 92% of detached houses are smaller than 2 NEWMARKET ROAD, and 7% of houses are larger. Note that EPC data is not available for all properties in Norton Canes.

2 NEWMARKET ROAD: Plot and Title Map

2 NEWMARKET ROAD sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 2 NEWMARKET ROAD, 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 NEWMARKET ROAD). 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 NEWMARKET ROAD?

2 NEWMARKET ROAD is located in NORTON CANES, in the WS11 postcode district. The below map shows the position of No. 2 on NEWMARKET ROAD.