56, BANK STREET, CANNOCK, WS12 2ET - £220,000

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

56 BANK STREET is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £220,000 in January 2024, which was around 32% below the average January 2024 detached price in the Cannock Chase local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was B.

56 BANK STREET Sold Prices

Land registry data shows two sales for 56 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 56 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
2024 5 JAN	£220,000	£324,310	32% below HPI
2017 10 MAR	£135,000	£230,260	41% below HPI

56 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 56 BANK STREET sales from March 2017 and January 2024 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 2017 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the January 2024 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 56 BANK STREET?

56 BANK STREET is 70m² according to the EPC inspection conducted in July 2023. This puts it in the smallest 10% of detached houses in Cannock, based on EPC data. The below chart shows the distribution of detached houses by size in Cannock, and where 56 BANK STREET lies on this distribution: 7% of detached houses are smaller than 56 BANK STREET, and 92% of houses are larger. Note that EPC data is not available for all properties in Cannock.

56 BANK STREET: Plot and Title Map

56 BANK STREET sits on a plot of roughly 0.086 of an acre, or 346m². The below map shows the location of 56 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 56 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 56 BANK STREET?

56 BANK STREET is located in CANNOCK, in the WS12 postcode district. The below map shows the position of No. 56 on BANK STREET.