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
41 CHAPEL LANE is a midsized extended detached house of 100m², built sometime before 1900. It was last sold for £250,000 in December 2022, which was around 15% below the average December 2022 detached price in the Newcastle-under-Lyme local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows five sales for 41 CHAPEL LANE since 1st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Newcastle-under-Lyme local authority area for the corresponding sale date. All of the five 41 CHAPEL LANE 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 |
---|---|---|---|
2022 8 DEC | £250,000 | £294,981 | 15% below HPI |
2019 9 MAY | £175,000 | £227,057 | 23% below HPI |
2007 16 MAR | £170,000 | £192,952 | 12% below HPI |
2006 3 FEB | £95,000 | £179,778 | 47% below HPI |
2001 24 AUG | £48,000 | £89,934 | 47% below HPI |
The below graph shows the average detached house price in the Newcastle-under-Lyme local authority area over time, sourced from the HPI. The five 41 CHAPEL LANE sales between August 2001 and December 2022 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 2019 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.
41 CHAPEL LANE is 100m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 40% of detached houses in Harriseahead, based on EPC data. The below chart shows the distribution of detached houses by size in Harriseahead, and where 41 CHAPEL LANE lies on this distribution: 58% of detached houses are smaller than 41 CHAPEL LANE, and 40% of houses are larger. Note that EPC data is not available for all properties in Harriseahead.
41 CHAPEL LANE sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 41 CHAPEL LANE, 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 41 CHAPEL LANE). 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.
41 CHAPEL LANE is located in HARRISEAHEAD, in the ST7 postcode district. The below map shows the position of No. 41 on CHAPEL LANE.