5, LARA CLOSE, STAFFORD, ST16 1AP - £225,000

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

5 LARA CLOSE is a small extended detached house of 87m², built sometime between 1991 and 1995. It was last sold for £225,000 in March 2020, which was around 24% below the average March 2020 detached price in the Stafford local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

5 LARA CLOSE Sold Prices

Land registry data shows four sales for 5 LARA CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Stafford local authority area for the corresponding sale date. All of the four 5 LARA 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
2020 17 MAR	£225,000	£296,788	24% below HPI
2007 6 JUL	£202,500	£245,822	18% below HPI
2002 8 NOV	£137,000	£159,113	14% below HPI
1996 6 DEC	£75,000	£82,552	9% below HPI

5 LARA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stafford local authority area over time, sourced from the HPI. The four 5 LARA CLOSE sales between December 1996 and March 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 July 2007 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the March 2020 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 5 LARA CLOSE?

5 LARA CLOSE is 87m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the smallest 30% of detached houses in Stafford, based on EPC data. The below chart shows the distribution of detached houses by size in Stafford, and where 5 LARA CLOSE lies on this distribution: 21% of detached houses are smaller than 5 LARA CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Stafford.

5 LARA CLOSE: Plot and Title Map

5 LARA CLOSE sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 5 LARA 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 5 LARA 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 5 LARA CLOSE?

5 LARA CLOSE is located in STAFFORD, in the ST16 postcode district. The below map shows the position of No. 5 on LARA CLOSE.