23, LEMA WAY, STAFFORD, ST16 3LB - £210,000

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

23 LEMA WAY is a very small detached house of 60m², built sometime between 1967 and 1975. It was last sold for £210,000 in September 2021, which was around 34% below the average September 2021 detached price in the Stafford local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was B.

23 LEMA WAY Sold Prices

Land registry data shows three sales for 23 LEMA WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Stafford local authority area for the corresponding sale date. All of the three 23 LEMA WAY 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
2021 24 SEP	£210,000	£320,188	34% below HPI
2018 17 AUG	£193,000	£289,787	33% below HPI
2018 12 JAN	£160,000	£280,442	43% below HPI

23 LEMA WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stafford local authority area over time, sourced from the HPI. The three 23 LEMA WAY sales between January 2018 and September 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 August 2018 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 23 LEMA WAY?

23 LEMA WAY is 60m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 10% of detached houses in Stafford, based on EPC data. The below chart shows the distribution of detached houses by size in Stafford, and where 23 LEMA WAY lies on this distribution: 3% of detached houses are smaller than 23 LEMA WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Stafford.

23 LEMA WAY: Plot and Title Map

23 LEMA WAY sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 23 LEMA WAY, 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 23 LEMA WAY). 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 23 LEMA WAY?

23 LEMA WAY is located in STAFFORD, in the ST16 postcode district. The below map shows the position of No. 23 on LEMA WAY.