5, MICHIGAN CLOSE, CANNOCK, WS11 7YJ - £185,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 MICHIGAN CLOSE is a large detached house of 130m², built sometime between 1983 and 1990, which could now be worth an estimated £327,336. It was last sold for £185,000 in April 2011, which was around 3% below the average April 2011 detached price in the Cannock Chase local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was D.

5 MICHIGAN CLOSE Sold Prices

Land registry data shows three sales for 5 MICHIGAN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cannock Chase local authority area for the corresponding sale date. One of the three 5 MICHIGAN CLOSE sales was for below the average price, whilst two 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 1 APR	£185,000	£190,353	3% below HPI
2000 2 JUN	£94,500	£88,428	7% above HPI
1996 14 OCT	£77,500	£72,411	7% above HPI

5 MICHIGAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cannock Chase local authority area over time, sourced from the HPI. The three 5 MICHIGAN CLOSE sales between October 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 2000 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the April 2011 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 5 MICHIGAN CLOSE be worth now?

5 MICHIGAN CLOSE might now be worth an estimated £327,336.

This is based on house price inflation of 76.9%, between April 2011 and June 2025, for detached houses, in the Cannock Chase local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 76.9% inflationary increase is applied to the most recent sale price for 5 MICHIGAN CLOSE of £185,000 on 1st April 2011. For the value to have increased from £185,000 to £327,336 over the thirteen years and ten months to June 2025, the following assumptions must hold true:

• The value of 5 MICHIGAN CLOSE has moved in line with the HPI for detached houses in the Cannock Chase local authority area.
• The April 2011 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MICHIGAN CLOSE has not materially changed since April 2011.

How Large is 5 MICHIGAN CLOSE?

5 MICHIGAN CLOSE is 130m² according to the EPC inspection conducted in January 2011. This puts it in the largest 30% of detached houses houses in Cannock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cannock, and where 5 MICHIGAN CLOSE lies on this distribution: 77% of detached houses houses are smaller than 5 MICHIGAN CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Cannock.

5 MICHIGAN CLOSE: Plot and Title Map

5 MICHIGAN CLOSE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 5 MICHIGAN 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 MICHIGAN 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 MICHIGAN CLOSE?

5 MICHIGAN CLOSE is located in CANNOCK, in the WS11 postcode district. The below map shows the position of No. 5 on MICHIGAN CLOSE.