RICHMOND, LEIGH LANE, LOWER TEAN, STOKE-ON-TRENT, ST10 4LW - £425,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

RICHMOND is a small detached house of 110m², built sometime between 1967 and 1975, which could now be worth an estimated £589,085. It was last sold for £425,000 in July 2016, which was around 89% above the average July 2016 detached price in the Staffordshire Moorlands local authority area. The most recent EPC inspection was November 2011, where the current energy rating was E, and the potential energy rating was D.

RICHMOND Sold Prices

Land registry data shows three sales for RICHMOND since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Staffordshire Moorlands local authority area for the corresponding sale date. All of the three RICHMOND 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
2016 8 JUL	£425,000	£224,634	89% above HPI
2012 31 MAY	£306,250	£186,466	64% above HPI
2000 24 OCT	£202,500	£88,820	128% above HPI

RICHMOND Price Paid vs. HPI Average

The below graph shows the average detached house price in the Staffordshire Moorlands local authority area over time, sourced from the HPI. The three RICHMOND sales between October 2000 and July 2016 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 2012 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the July 2016 sale, where it rises to 89% above the HPI. The line then continues to track at 89% above the HPI.

What might RICHMOND be worth now?

RICHMOND might now be worth an estimated £589,085.

This is based on house price inflation of 38.6%, between July 2016 and December 2024, for detached houses, in the Staffordshire Moorlands local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38.6% inflationary increase is applied to the most recent sale price for RICHMOND of £425,000 on 8th July 2016. For the value to have increased from £425,000 to £589,085 over the seven years and seven months to December 2024, the following assumptions must hold true:

• The value of RICHMOND has moved in line with the HPI for detached houses in the Staffordshire Moorlands local authority area.
• The July 2016 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of RICHMOND has not materially changed since July 2016.

How Large is RICHMOND?

RICHMOND is 110m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 40% of detached houses houses in Lower Tean, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lower Tean, and where RICHMOND lies on this distribution: 36% of detached houses houses are smaller than RICHMOND, and 64% of houses are larger. Note that EPC data is not available for all properties in Lower Tean.

RICHMOND: Plot and Title Map

RICHMOND sits on a plot of roughly 0.357 of an acre, or 1,444m². The below map shows the location of RICHMOND, 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 RICHMOND). 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 RICHMOND?

RICHMOND is located on LEIGH LANE in LOWER TEAN, in the ST10 postcode district. The below map shows the position of RICHMOND on LEIGH LANE.