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

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

LOREMA is a very large extended detached house of 177m², built sometime between 1930 and 1949. It was last sold for £467,500 in June 2018, which was around 65% 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	£283,586	65% above HPI
2008 20 MAR	£400,000	£256,685	56% 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 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the June 2018 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

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 in Stafford, based on EPC data. The below chart shows the distribution of detached houses by size in Stafford, and where LOREMA lies on this distribution: 94% of detached 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.