2, PENK DRIVE NORTH, RUGELEY, WS15 2XY - £356,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 PENK DRIVE NORTH is a large detached house of 134m², built sometime between 1967 and 1975. It was last sold for £356,000 in August 2022, which was around 10% above the average August 2022 detached price in the Cannock Chase local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was C.

2 PENK DRIVE NORTH Sold Prices

Land registry data shows two sales for 2 PENK DRIVE NORTH since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cannock Chase local authority area for the corresponding sale date. Both of the two 2 PENK DRIVE NORTH 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
2022 12 AUG	£356,000	£324,878	10% above HPI
1995 31 MAY	£72,950	£65,969	11% above HPI

2 PENK DRIVE NORTH 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 two 2 PENK DRIVE NORTH sales from May 1995 and August 2022 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 May 1995 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2022 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 2 PENK DRIVE NORTH?

2 PENK DRIVE NORTH is 134m² according to the EPC inspection conducted in May 2022. This puts it in the largest 30% of detached houses in Rugeley, based on EPC data. The below chart shows the distribution of detached houses by size in Rugeley, and where 2 PENK DRIVE NORTH lies on this distribution: 78% of detached houses are smaller than 2 PENK DRIVE NORTH, and 21% of houses are larger. Note that EPC data is not available for all properties in Rugeley.

2 PENK DRIVE NORTH: Plot and Title Map

2 PENK DRIVE NORTH sits on a plot of roughly 0.126 of an acre, or 511m². The below map shows the location of 2 PENK DRIVE NORTH, 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 PENK DRIVE NORTH). 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 PENK DRIVE NORTH?

2 PENK DRIVE NORTH is located in RUGELEY, in the WS15 postcode district. The below map shows the position of No. 2 on PENK DRIVE NORTH.