3, CHESTNUT CLOSE, HANDSACRE, RUGELEY, WS15 4TH - £227,500

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

3 CHESTNUT CLOSE is a very small detached house of 57m², built sometime between 2003 and 2006. It was last sold for £227,500 in October 2019, which was around 39% below the average October 2019 detached price in the Lichfield local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

3 CHESTNUT CLOSE Sold Prices

Land registry data shows two sales for 3 CHESTNUT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. Both of the two 3 CHESTNUT CLOSE 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
2019 29 OCT	£227,500	£375,693	39% below HPI
1999 27 SEP	£87,500	£126,601	31% below HPI

3 CHESTNUT CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The two 3 CHESTNUT CLOSE sales from September 1999 and October 2019 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 September 1999 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2019 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 3 CHESTNUT CLOSE?

3 CHESTNUT CLOSE is 57m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 10% of detached houses in Armitage, based on EPC data. The below chart shows the distribution of detached houses by size in Armitage, and where 3 CHESTNUT CLOSE lies on this distribution: 2% of detached houses are smaller than 3 CHESTNUT CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Armitage.

3 CHESTNUT CLOSE: Plot and Title Map

3 CHESTNUT CLOSE sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 3 CHESTNUT CLOSE, 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 CHESTNUT CLOSE). 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 CHESTNUT CLOSE?

3 CHESTNUT CLOSE is located in HANDSACRE, in the WS15 postcode district. The below map shows the position of No. 3 on CHESTNUT CLOSE.