11, FOLLY LANE, CHEDDLETON, LEEK, ST13 7DA - £245,000

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.

11 FOLLY LANE is a midsized semi-detached house of 125m², built sometime between 1996 and 2002, which could now be worth an estimated £351,650. It was last sold for £245,000 in May 2017, which was around 57% above the average May 2017 semi-detached price in the Staffordshire Moorlands local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

11 FOLLY LANE Sold Prices

Land registry data shows two sales for 11 FOLLY LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Staffordshire Moorlands local authority area for the corresponding sale date. Both of the two 11 FOLLY LANE 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
2017 19 MAY	£245,000	£155,745	57% above HPI
2007 16 MAR	£206,000	£138,531	49% above HPI

11 FOLLY LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Staffordshire Moorlands local authority area over time, sourced from the HPI. The two 11 FOLLY LANE sales from March 2007 and May 2017 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 March 2007 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the May 2017 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 11 FOLLY LANE be worth now?

11 FOLLY LANE might now be worth an estimated £351,650.

This is based on house price inflation of 43.5%, between May 2017 and May 2026, for semi-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 43.5% inflationary increase is applied to the most recent sale price for 11 FOLLY LANE of £245,000 on 19th May 2017. For the value to have increased from £245,000 to £351,650 over the nine years to May 2026, the following assumptions must hold true:

• The value of 11 FOLLY LANE has moved in line with the HPI for semi-detached houses in the Staffordshire Moorlands local authority area.
• The May 2017 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 11 FOLLY LANE has not materially changed since May 2017.

How Large is 11 FOLLY LANE?

11 FOLLY LANE is 125m² according to the EPC inspection conducted in August 2013. This puts it in the largest 50% of semi-detached houses houses in Cheddleton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cheddleton, and where 11 FOLLY LANE lies on this distribution: 55% of semi-detached houses houses are smaller than 11 FOLLY LANE, and 44% of houses are larger. Note that EPC data is not available for all properties in Cheddleton.

11 FOLLY LANE: Plot and Title Map

11 FOLLY LANE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 11 FOLLY 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 11 FOLLY 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 11 FOLLY LANE?

11 FOLLY LANE is located in CHEDDLETON, in the ST13 postcode district. The below map shows the position of No. 11 on FOLLY LANE.