2, THE SPINNEY, MADELEY HEATH, CREWE, CW3 9TB - £299,000

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 THE SPINNEY is a large extended detached house of 132m², built sometime between 1967 and 1975. It was last sold for £299,000 in March 2021, which was around 18% above the average March 2021 detached price in the Newcastle-under-Lyme local authority area. The most recent EPC inspection was December 2018, where the current energy rating was C, and the potential energy rating was C.

2 THE SPINNEY Sold Prices

Land registry data shows two sales for 2 THE SPINNEY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newcastle-under-Lyme local authority area for the corresponding sale date. Both of the two 2 THE SPINNEY 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
2021 26 MAR	£299,000	£252,697	18% above HPI
2004 22 JUL	£189,000	£163,096	16% above HPI

2 THE SPINNEY 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 two 2 THE SPINNEY sales from July 2004 and March 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 July 2004 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the March 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 2 THE SPINNEY?

2 THE SPINNEY is 132m², which includes two extensions, according to the EPC inspection conducted in December 2018. This puts it in the largest 40% of detached houses in Madeley, based on EPC data. The below chart shows the distribution of detached houses by size in Madeley, and where 2 THE SPINNEY lies on this distribution: 64% of detached houses are smaller than 2 THE SPINNEY, and 35% of houses are larger. Note that EPC data is not available for all properties in Madeley.

2 THE SPINNEY: Plot and Title Map

2 THE SPINNEY sits on a plot of roughly 0.153 of an acre, or 620m². The below map shows the location of 2 THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

2 THE SPINNEY is located in MADELEY HEATH, in the CW3 postcode district. The below map shows the position of No. 2 on THE SPINNEY.