8, STEPHENSON WAY, HEDNESFORD, CANNOCK, WS12 4AD - £245,000

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

8 STEPHENSON WAY is a very small detached house of 73m², built sometime between 1996 and 2002. It was last sold for £245,000 in November 2021, which was around 18% below the average November 2021 detached price in the Cannock Chase local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

8 STEPHENSON WAY Sold Prices

Land registry data shows three sales for 8 STEPHENSON WAY 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. All of the three 8 STEPHENSON WAY 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
2021 30 NOV	£245,000	£298,187	18% below HPI
2004 5 NOV	£150,000	£177,157	15% below HPI
2003 28 FEB	£105,950	£127,501	17% below HPI

8 STEPHENSON WAY 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 8 STEPHENSON WAY sales between February 2003 and November 2021 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 November 2004 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 8 STEPHENSON WAY?

8 STEPHENSON WAY is 73m² according to the EPC inspection conducted in March 2021. 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 8 STEPHENSON WAY lies on this distribution: 9% of detached houses are smaller than 8 STEPHENSON WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Cannock.

8 STEPHENSON WAY: Plot and Title Map

8 STEPHENSON WAY sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 8 STEPHENSON WAY, 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 STEPHENSON WAY). 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 STEPHENSON WAY?

8 STEPHENSON WAY is located in HEDNESFORD, in the WS12 postcode district. The below map shows the position of No. 8 on STEPHENSON WAY.