THE STUDIO, WELL LANE, NESS, NESTON, CH64 4AN - £692,500

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.

THE STUDIO is a midsized extended detached house of 113m², built sometime between 1991 and 1995, which could now be worth an estimated £734,012. It was last sold for £692,500 in July 2023, which was around 71% above the average July 2023 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was March 2011, where the current energy rating was E, and the potential energy rating was D.

THE STUDIO Sold Prices

Land registry data shows two sales for THE STUDIO since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cheshire West and Chester local authority area for the corresponding sale date. Both of the two THE STUDIO 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
2023 28 JUL	£692,500	£404,483	71% above HPI
2021 30 SEP	£749,000	£361,412	107% above HPI

THE STUDIO 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 two THE STUDIO sales from September 2021 and July 2023 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 September 2021 sale was for 107% above the HPI. So the extrapolation line tracks at 107% above the HPI over time, until the July 2023 sale, where it falls to 71% above the HPI. The line then continues to track at 71% above the HPI.

What might THE STUDIO be worth now?

THE STUDIO might now be worth an estimated £734,012.

This is based on house price inflation of 6%, between July 2023 and February 2025, for detached houses, in the Cheshire West and Chester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6% inflationary increase is applied to the most recent sale price for THE STUDIO of £692,500 on 28th July 2023. For the value to have increased from £692,500 to £734,012 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of THE STUDIO has moved in line with the HPI for detached houses in the Cheshire West and Chester local authority area.
• The July 2023 sale price of £692,500 represented a fair market value for the property.
• The size, condition, and specification of THE STUDIO has not materially changed since July 2023.

How Large is THE STUDIO?

THE STUDIO is 113m², which includes two extensions, according to the EPC inspection conducted in March 2011. This puts it in the smallest 50% of detached houses houses in Neston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Neston, and where THE STUDIO lies on this distribution: 47% of detached houses houses are smaller than THE STUDIO, and 53% of houses are larger. Note that EPC data is not available for all properties in Neston.

THE STUDIO: Plot and Title Map

THE STUDIO sits on a plot of roughly 0.306 of an acre, or 1,239m². The below map shows the location of THE STUDIO, 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 STUDIO). 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 STUDIO?

THE STUDIO is located on WELL LANE in NESS, in the CH64 postcode district. The below map shows the position of THE STUDIO on WELL LANE.