4, THE FLAX OVENS, PENKRIDGE, STAFFORD, ST19 5SH - £375,000

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

4 THE FLAX OVENS is a very large detached house of 141m², built sometime between 1983 and 1990. It was last sold for £375,000 in March 2018, which was around 18% above the average March 2018 detached price in the South Staffordshire local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was C.

4 THE FLAX OVENS Sold Prices

Land registry data shows three sales for 4 THE FLAX OVENS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. All of the three 4 THE FLAX OVENS 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
2018 29 MAR	£375,000	£319,057	18% above HPI
2015 1 MAY	£285,000	£267,571	7% above HPI
1999 23 APR	£125,000	£105,845	18% above HPI

4 THE FLAX OVENS Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Staffordshire local authority area over time, sourced from the HPI. The three 4 THE FLAX OVENS sales between April 1999 and March 2018 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 May 2015 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the March 2018 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 4 THE FLAX OVENS?

4 THE FLAX OVENS is 141m² according to the EPC inspection conducted in August 2012. This puts it in the largest 20% of detached houses in Penkridge, based on EPC data. The below chart shows the distribution of detached houses by size in Penkridge, and where 4 THE FLAX OVENS lies on this distribution: 82% of detached houses are smaller than 4 THE FLAX OVENS, and 17% of houses are larger. Note that EPC data is not available for all properties in Penkridge.

4 THE FLAX OVENS: Plot and Title Map

4 THE FLAX OVENS sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of 4 THE FLAX OVENS, 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 4 THE FLAX OVENS). 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 4 THE FLAX OVENS?

4 THE FLAX OVENS is located in PENKRIDGE, in the ST19 postcode district. The below map shows the position of No. 4 on THE FLAX OVENS.