53, BANK STREET, CANNOCK, WS12 2ES - £172,000

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

53 BANK STREET is a small extended detached house of 84m², built sometime between 1900 and 1929. It was last sold for £172,000 in May 2022, which was around 45% below the average May 2022 detached price in the Cannock Chase local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

53 BANK STREET Sold Prices

Land registry data shows two sales for 53 BANK STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cannock Chase local authority area for the corresponding sale date. Both of the two 53 BANK STREET 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 20 MAY	£172,000	£314,258	45% below HPI
2001 2 MAR	£64,000	£95,805	33% below HPI

53 BANK STREET 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 two 53 BANK STREET sales from March 2001 and May 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 March 2001 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the May 2022 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 53 BANK STREET?

53 BANK STREET is 84m², which includes two extensions, according to the EPC inspection conducted in August 2021. This puts it in the smallest 30% of detached houses in Cannock, based on EPC data. The below chart shows the distribution of detached houses by size in Cannock, and where 53 BANK STREET lies on this distribution: 20% of detached houses are smaller than 53 BANK STREET, and 79% of houses are larger. Note that EPC data is not available for all properties in Cannock.

53 BANK STREET: Plot and Title Map

53 BANK STREET sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 53 BANK STREET, 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 53 BANK STREET). 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 53 BANK STREET?

53 BANK STREET is located in CANNOCK, in the WS12 postcode district. The below map shows the position of No. 53 on BANK STREET.