7, CHEADLE CLOSE, PENKRIDGE, STAFFORD, ST19 5SZ - £365,000

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

7 CHEADLE CLOSE is a midsized detached house of 101m², built sometime between 1983 and 1990. It was last sold for £365,000 in February 2023, which was around 11% below the average February 2023 detached price in the South Staffordshire local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

7 CHEADLE CLOSE Sold Prices

Land registry data shows two sales for 7 CHEADLE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Staffordshire local authority area for the corresponding sale date. Both of the two 7 CHEADLE 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
2023 13 FEB	£365,000	£411,087	11% below HPI
1998 22 APR	£93,000	£99,036	6% below HPI

7 CHEADLE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Staffordshire local authority area over time, sourced from the HPI. The two 7 CHEADLE CLOSE sales from April 1998 and February 2023 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 April 1998 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2023 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 7 CHEADLE CLOSE?

7 CHEADLE CLOSE is 101m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 50% of detached houses in Penkridge, based on EPC data. The below chart shows the distribution of detached houses by size in Penkridge, and where 7 CHEADLE CLOSE lies on this distribution: 42% of detached houses are smaller than 7 CHEADLE CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Penkridge.

7 CHEADLE CLOSE: Plot and Title Map

7 CHEADLE CLOSE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 7 CHEADLE 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 7 CHEADLE 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 7 CHEADLE CLOSE?

7 CHEADLE CLOSE is located in PENKRIDGE, in the ST19 postcode district. The below map shows the position of No. 7 on CHEADLE CLOSE.