10, REEVE CLOSE, HANDSACRE, RUGELEY, WS15 4TS - £195,000

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.

10 REEVE CLOSE is a very small detached house of 66m², built sometime between 1976 and 1982, which could now be worth an estimated £282,221. It was last sold for £195,000 in June 2016, which was around 44% below the average June 2016 detached price in the Lichfield local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was B.

10 REEVE CLOSE Sold Prices

Land registry data shows three sales for 10 REEVE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the three 10 REEVE CLOSE 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
2016 24 JUN	£195,000	£346,616	44% below HPI
2001 16 NOV	£86,500	£164,898	48% below HPI
1997 15 DEC	£62,000	£111,372	44% below HPI

10 REEVE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The three 10 REEVE CLOSE sales between December 1997 and June 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 November 2001 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the June 2016 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 10 REEVE CLOSE be worth now?

10 REEVE CLOSE might now be worth an estimated £282,221.

This is based on house price inflation of 44.7%, between June 2016 and June 2025, for detached houses, in the Lichfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 44.7% inflationary increase is applied to the most recent sale price for 10 REEVE CLOSE of £195,000 on 24th June 2016. For the value to have increased from £195,000 to £282,221 over the nine years to June 2025, the following assumptions must hold true:

• The value of 10 REEVE CLOSE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The June 2016 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 10 REEVE CLOSE has not materially changed since June 2016.

How Large is 10 REEVE CLOSE?

10 REEVE CLOSE is 66m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of detached houses houses in Armitage, based on EPC data. The below chart shows the distribution of detached houses houses by size in Armitage, and where 10 REEVE CLOSE lies on this distribution: 8% of detached houses houses are smaller than 10 REEVE CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Armitage.

10 REEVE CLOSE: Plot and Title Map

10 REEVE CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 10 REEVE CLOSE, 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 10 REEVE CLOSE). 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 10 REEVE CLOSE?

10 REEVE CLOSE is located in HANDSACRE, in the WS15 postcode district. The below map shows the position of No. 10 on REEVE CLOSE.