3, BANK STREET, CANNOCK, WS12 2ES - £148,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 BANK STREET is a very small extended semi-detached house of 78m², built sometime before 1900, which could now be worth an estimated £194,978. It was last sold for £148,000 in July 2020, which was around 8% below the average July 2020 semi-detached price in the Cannock Chase local authority area. The most recent EPC inspection was June 2016, where the current energy rating was E, and the potential energy rating was C.

3 BANK STREET Sold Prices

Land registry data shows four sales for 3 BANK STREET since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Cannock Chase local authority area for the corresponding sale date. All of the four 3 BANK STREET 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
2020 31 JUL	£148,000	£161,054	8% below HPI
2017 1 DEC	£117,000	£144,339	19% below HPI
2007 24 AUG	£100,000	£130,891	24% below HPI
2003 14 FEB	£63,000	£74,952	16% below HPI

3 BANK STREET Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cannock Chase local authority area over time, sourced from the HPI. The four 3 BANK STREET sales between February 2003 and July 2020 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 December 2017 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2020 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 3 BANK STREET be worth now?

3 BANK STREET might now be worth an estimated £194,978.

This is based on house price inflation of 31.7%, between July 2020 and February 2025, for semi-detached houses, in the Cannock Chase local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.7% inflationary increase is applied to the most recent sale price for 3 BANK STREET of £148,000 on 31st July 2020. For the value to have increased from £148,000 to £194,978 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 3 BANK STREET has moved in line with the HPI for semi-detached houses in the Cannock Chase local authority area.
• The July 2020 sale price of £148,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BANK STREET has not materially changed since July 2020.

How Large is 3 BANK STREET?

3 BANK STREET is 78m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the smallest 20% of semi-detached houses houses in Cannock, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cannock, and where 3 BANK STREET lies on this distribution: 13% of semi-detached houses houses are smaller than 3 BANK STREET, and 86% of houses are larger. Note that EPC data is not available for all properties in Cannock.

3 BANK STREET: Plot and Title Map

3 BANK STREET sits on a plot of roughly 0.036 of an acre, or 146m². The below map shows the location of 3 BANK STREET, 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 3 BANK STREET). 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 3 BANK STREET?

3 BANK STREET is located in CANNOCK, in the WS12 postcode district. The below map shows the position of No. 3 on BANK STREET.