THE SMITHY, MILL LANE, GREAT BARROW, CHESTER, CH3 7JF - £520,000

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

THE SMITHY is a midsized extended detached house of 158m², built sometime between 1983 and 1990. It was last sold for £520,000 in December 2022, which was around 24% above the average December 2022 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was C.

THE SMITHY Sold Prices

Land registry data shows three sales for THE SMITHY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cheshire West and Chester local authority area for the corresponding sale date. All of the three THE SMITHY 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 15 DEC	£520,000	£417,991	24% above HPI
2005 28 FEB	£250,000	£244,619	2% above HPI
1999 26 JUL	£145,000	£113,297	28% above HPI

THE SMITHY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire West and Chester local authority area over time, sourced from the HPI. The three THE SMITHY sales between July 1999 and December 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 February 2005 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the December 2022 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is THE SMITHY?

THE SMITHY is 158m², which includes four extensions, according to the EPC inspection conducted in July 2022. This puts it in the largest 40% of detached houses in Great Barrow, based on EPC data. The below chart shows the distribution of detached houses by size in Great Barrow, and where THE SMITHY lies on this distribution: 56% of detached houses are smaller than THE SMITHY, and 40% of houses are larger. Note that EPC data is not available for all properties in Great Barrow.

THE SMITHY: Plot and Title Map

THE SMITHY sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of THE SMITHY, 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 THE SMITHY). 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 THE SMITHY?

THE SMITHY is located on MILL LANE in GREAT BARROW, in the CH3 postcode district. The below map shows the position of THE SMITHY on MILL LANE.