1, FOUNDRY LANE, SANDBACH, CW11 3JP - £240,000

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.

1 FOUNDRY LANE is a small detached house of 105m², built in 2014, which could now be worth an estimated £330,707. It was last sold for £240,000 in August 2018, which was around 33% below the average August 2018 detached price in the Cheshire East local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was C.

1 FOUNDRY LANE Sold Prices

Land registry data shows two sales for 1 FOUNDRY LANE 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 East local authority area for the corresponding sale date. Both of the two 1 FOUNDRY LANE sales were for below 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 16 AUG	£240,000	£356,617	33% below HPI
2015 30 APR	£245,000	£305,133	20% below HPI

1 FOUNDRY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire East local authority area over time, sourced from the HPI. The two 1 FOUNDRY LANE sales from April 2015 and August 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 April 2015 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2018 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 1 FOUNDRY LANE be worth now?

1 FOUNDRY LANE might now be worth an estimated £330,707.

This is based on house price inflation of 37.8%, between August 2018 and May 2026, for detached houses, in the Cheshire East local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37.8% inflationary increase is applied to the most recent sale price for 1 FOUNDRY LANE of £240,000 on 16th August 2018. For the value to have increased from £240,000 to £330,707 over the eight years and three months to May 2026, the following assumptions must hold true:

• The value of 1 FOUNDRY LANE has moved in line with the HPI for detached houses in the Cheshire East local authority area.
• The August 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FOUNDRY LANE has not materially changed since August 2018.

How Large is 1 FOUNDRY LANE?

1 FOUNDRY LANE is 105m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% of detached houses houses in Elworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elworth, and where 1 FOUNDRY LANE lies on this distribution: 38% of detached houses houses are smaller than 1 FOUNDRY LANE, and 59% of houses are larger. Note that EPC data is not available for all properties in Elworth.

1 FOUNDRY LANE: Plot and Title Map

1 FOUNDRY LANE sits on a plot of roughly 0.175 of an acre, or 709m². The below map shows the location of 1 FOUNDRY LANE, 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 1 FOUNDRY LANE). 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 1 FOUNDRY LANE?

1 FOUNDRY LANE is located in SANDBACH, in the CW11 postcode district. The below map shows the position of No. 1 on FOUNDRY LANE.