LOREMA, RADFORD RISE, STAFFORD, ST17 4PS - £467,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

LOREMA is a very large extended detached house of 177m², built sometime between 1930 and 1949, which could now be worth an estimated £620,782. It was last sold for £467,500 in June 2018, which was around 61% above the average June 2018 detached price in the Stafford local authority area. The most recent EPC inspection was November 2017, where the current energy rating was E, and the potential energy rating was C.

LOREMA Sold Prices

Land registry data shows two sales for LOREMA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Stafford local authority area for the corresponding sale date. Both of the two LOREMA sales were for above 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 8 JUN	£467,500	£291,092	61% above HPI
2008 20 MAR	£400,000	£263,479	52% above HPI

LOREMA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stafford local authority area over time, sourced from the HPI. The two LOREMA sales from March 2008 and June 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 March 2008 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the June 2018 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

What might LOREMA be worth now?

LOREMA might now be worth an estimated £620,782.

This is based on house price inflation of 32.8%, between June 2018 and February 2025, for detached houses, in the Stafford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.8% inflationary increase is applied to the most recent sale price for LOREMA of £467,500 on 8th June 2018. For the value to have increased from £467,500 to £620,782 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of LOREMA has moved in line with the HPI for detached houses in the Stafford local authority area.
• The June 2018 sale price of £467,500 represented a fair market value for the property.
• The size, condition, and specification of LOREMA has not materially changed since June 2018.

How Large is LOREMA?

LOREMA is 177m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the largest 10% of detached houses houses in Stafford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stafford, and where LOREMA lies on this distribution: 94% of detached houses houses are smaller than LOREMA, and 6% of houses are larger. Note that EPC data is not available for all properties in Stafford.

LOREMA: Plot and Title Map

LOREMA sits on a plot of roughly 0.234 of an acre, or 948m². The below map shows the location of LOREMA, 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 LOREMA). 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 LOREMA?

LOREMA is located on RADFORD RISE in STAFFORD, in the ST17 postcode district. The below map shows the position of LOREMA on RADFORD RISE.