48, NOVI LANE, LEEK, ST13 6NU - £223,000

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

48 NOVI LANE is a midsized extended detached house of 106m², built sometime between 1996 and 2002. It was last sold for £223,000 in April 2011, which was around 20% above the average April 2011 detached price in the Staffordshire Moorlands local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was D.

48 NOVI LANE Sold Prices

Land registry data shows four sales for 48 NOVI LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Staffordshire Moorlands local authority area for the corresponding sale date. All of the four 48 NOVI LANE 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
2011 28 APR	£223,000	£186,252	20% above HPI
2010 18 JUN	£215,000	£199,965	8% above HPI
1997 10 JUN	£90,000	£72,118	25% above HPI
1996 25 JAN	£79,000	£62,659	26% above HPI

48 NOVI LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Staffordshire Moorlands local authority area over time, sourced from the HPI. The four 48 NOVI LANE sales between January 1996 and April 2011 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 June 2010 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the April 2011 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 48 NOVI LANE?

48 NOVI LANE is 106m², which includes one extension, according to the EPC inspection conducted in April 2010. This puts it in the largest 50% of detached houses in Leek, based on EPC data. The below chart shows the distribution of detached houses by size in Leek, and where 48 NOVI LANE lies on this distribution: 54% of detached houses are smaller than 48 NOVI LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Leek.

48 NOVI LANE: Plot and Title Map

48 NOVI LANE sits on a plot of roughly 0.230 of an acre, or 930m². The below map shows the location of 48 NOVI 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 48 NOVI 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.

Where is 48 NOVI LANE?

48 NOVI LANE is located in LEEK, in the ST13 postcode district. The below map shows the position of No. 48 on NOVI LANE.