8, WALLACE CLOSE, NORTON CANES, CANNOCK, WS11 9TH - £170,000

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 WALLACE CLOSE is a very small detached house of 63m², built sometime between 1967 and 1975. It was last sold for £170,000 in February 2018, which was around 28% below the average February 2018 detached price in the Cannock Chase local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

8 WALLACE CLOSE Sold Prices

Land registry data shows four sales for 8 WALLACE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cannock Chase local authority area for the corresponding sale date. All of the four 8 WALLACE 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
2018 7 FEB	£170,000	£237,539	28% below HPI
2016 16 DEC	£140,000	£224,648	38% below HPI
2003 9 DEC	£127,000	£157,314	19% below HPI
1998 9 APR	£49,995	£75,180	33% below HPI

8 WALLACE CLOSE 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 four 8 WALLACE CLOSE sales between April 1998 and February 2018 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 December 2016 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2018 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 8 WALLACE CLOSE?

8 WALLACE CLOSE is 63m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% of detached houses in Norton Canes, based on EPC data. The below chart shows the distribution of detached houses by size in Norton Canes, and where 8 WALLACE CLOSE lies on this distribution: 3% of detached houses are smaller than 8 WALLACE CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Norton Canes.

8 WALLACE CLOSE: Plot and Title Map

8 WALLACE CLOSE sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 8 WALLACE 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 WALLACE 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 WALLACE CLOSE?

8 WALLACE CLOSE is located in NORTON CANES, in the WS11 postcode district. The below map shows the position of No. 8 on WALLACE CLOSE.