8, CHESTNUT CLOSE, HANDSACRE, RUGELEY, WS15 4TH - £242,000

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

8 CHESTNUT CLOSE is a large extended detached house of 128m², built sometime between 1991 and 1995. It was last sold for £242,000 in April 2016, which was around 25% below the average April 2016 detached price in the Lichfield local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

8 CHESTNUT CLOSE Sold Prices

Land registry data shows two sales for 8 CHESTNUT 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 Lichfield local authority area for the corresponding sale date. Both of the two 8 CHESTNUT 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
2016 1 APR	£242,000	£324,292	25% below HPI
2001 3 MAY	£117,000	£155,937	25% below HPI

8 CHESTNUT CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The two 8 CHESTNUT CLOSE sales from May 2001 and April 2016 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 May 2001 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the April 2016 sale, which was also at 25% below the HPI.

How Large is 8 CHESTNUT CLOSE?

8 CHESTNUT CLOSE is 128m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the largest 30% of detached houses in Armitage, based on EPC data. The below chart shows the distribution of detached houses by size in Armitage, and where 8 CHESTNUT CLOSE lies on this distribution: 75% of detached houses are smaller than 8 CHESTNUT CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Armitage.

8 CHESTNUT CLOSE: Plot and Title Map

8 CHESTNUT CLOSE sits on a plot of roughly 0.071 of an acre, or 285m². The below map shows the location of 8 CHESTNUT 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 8 CHESTNUT 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 8 CHESTNUT CLOSE?

8 CHESTNUT CLOSE is located in HANDSACRE, in the WS15 postcode district. The below map shows the position of No. 8 on CHESTNUT CLOSE.