2, PIT LANE, TALKE PITS, STOKE-ON-TRENT, ST7 1UH - £233,000

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 PIT LANE is a very large extended detached house of 141m², built sometime before 1900. It was last sold for £233,000 in August 2017, which was around 12% above the average August 2017 detached price in the Newcastle-under-Lyme local authority area. The most recent EPC inspection was November 2009, where the current energy rating was D, and the potential energy rating was C.

2 PIT LANE Sold Prices

Land registry data shows four sales for 2 PIT LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newcastle-under-Lyme local authority area for the corresponding sale date. All of the four 2 PIT LANE 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
2017 29 AUG	£233,000	£207,517	12% above HPI
2008 25 JUL	£232,500	£203,986	14% above HPI
2006 24 NOV	£200,000	£193,020	4% above HPI
1996 4 OCT	£80,000	£66,998	19% above HPI

2 PIT LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newcastle-under-Lyme local authority area over time, sourced from the HPI. The four 2 PIT LANE sales between October 1996 and August 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 July 2008 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the August 2017 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 2 PIT LANE?

2 PIT LANE is 141m², which includes two extensions, according to the EPC inspection conducted in November 2009. This puts it in the largest 10% of detached houses in Talke Pits, based on EPC data. The below chart shows the distribution of detached houses by size in Talke Pits, and where 2 PIT LANE lies on this distribution: 96% of detached houses are smaller than 2 PIT LANE, and 4% of houses are larger. Note that EPC data is not available for all properties in Talke Pits.

2 PIT LANE: Plot and Title Map

2 PIT LANE sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of 2 PIT LANE, 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 PIT LANE). 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 PIT LANE?

2 PIT LANE is located in TALKE PITS, in the ST7 postcode district. The below map shows the position of No. 2 on PIT LANE.