PARSONS BANK, WALLS WOOD, BALDWINS GATE, NEWCASTLE, ST5 5LD - £650,000

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

PARSONS BANK is a very large extended detached house of 274m², built sometime between 2003 and 2006. It was last sold for £650,000 in August 2022, which was around 123% above the average August 2022 detached price in the Newcastle-under-Lyme local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

PARSONS BANK Sold Prices

Land registry data shows two sales for PARSONS BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newcastle-under-Lyme local authority area for the corresponding sale date. Both of the two PARSONS BANK 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
2022 19 AUG	£650,000	£291,394	123% above HPI
2004 14 MAY	£389,000	£150,484	158% above HPI

PARSONS BANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newcastle-under-Lyme local authority area over time, sourced from the HPI. The two PARSONS BANK sales from May 2004 and August 2022 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 2004 sale was for 158% above the HPI. So the extrapolation line tracks at 158% above the HPI over time, until the August 2022 sale, where it falls to 123% above the HPI. The line then continues to track at 123% above the HPI.

How Large is PARSONS BANK?

PARSONS BANK is 274m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the largest 10% of detached houses in Madeley Park, based on EPC data. The below chart shows the distribution of detached houses by size in Madeley Park, and where PARSONS BANK lies on this distribution: 91% of detached houses are smaller than PARSONS BANK, and 9% of houses are larger. Note that EPC data is not available for all properties in Madeley Park.

PARSONS BANK: Plot and Title Map

PARSONS BANK sits on a plot of roughly 0.169 of an acre, or 682m². The below map shows the location of PARSONS BANK, 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 PARSONS BANK). 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 PARSONS BANK?

PARSONS BANK is located on WALLS WOOD in BALDWINS GATE, in the ST5 postcode district. The below map shows the position of PARSONS BANK on WALLS WOOD.