11, SCHOLARS CLOSE, MACCLESFIELD, SK10 3JS - £492,500

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.

11 SCHOLARS CLOSE is a very large detached house of 174m², built sometime between 1996 and 2002, which could now be worth an estimated £696,722. It was last sold for £492,500 in June 2018, which was around 42% above the average June 2018 detached price in the Cheshire East local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

11 SCHOLARS CLOSE Sold Prices

Land registry data shows two sales for 11 SCHOLARS CLOSE 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 11 SCHOLARS CLOSE 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
2018 29 JUN	£492,500	£347,361	42% above HPI
2000 28 JUL	£192,500	£127,149	51% above HPI

11 SCHOLARS CLOSE 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 11 SCHOLARS CLOSE sales from July 2000 and June 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 July 2000 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the June 2018 sale, where it falls to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 11 SCHOLARS CLOSE be worth now?

11 SCHOLARS CLOSE might now be worth an estimated £696,722.

This is based on house price inflation of 41.5%, between June 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 41.5% inflationary increase is applied to the most recent sale price for 11 SCHOLARS CLOSE of £492,500 on 29th June 2018. For the value to have increased from £492,500 to £696,722 over the eight years and one month to May 2026, the following assumptions must hold true:

• The value of 11 SCHOLARS CLOSE has moved in line with the HPI for detached houses in the Cheshire East local authority area.
• The June 2018 sale price of £492,500 represented a fair market value for the property.
• The size, condition, and specification of 11 SCHOLARS CLOSE has not materially changed since June 2018.

How Large is 11 SCHOLARS CLOSE?

11 SCHOLARS CLOSE is 174m² according to the EPC inspection conducted in June 2018. This puts it in the largest 20% of detached houses houses in Macclesfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Macclesfield, and where 11 SCHOLARS CLOSE lies on this distribution: 87% of detached houses houses are smaller than 11 SCHOLARS CLOSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Macclesfield.

11 SCHOLARS CLOSE: Plot and Title Map

11 SCHOLARS CLOSE sits on a plot of roughly 0.128 of an acre, or 520m². The below map shows the location of 11 SCHOLARS 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 11 SCHOLARS 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 11 SCHOLARS CLOSE?

11 SCHOLARS CLOSE is located in MACCLESFIELD, in the SK10 postcode district. The below map shows the position of No. 11 on SCHOLARS CLOSE.