2, LEA LANE, MADELEY, CREWE, CW3 9DR - £332,000

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.

2 LEA LANE is a very large detached house of 195m², built sometime between 2007 and 2011, which could now be worth an estimated £439,397. It was last sold for £332,000 in March 2020, which was around 43% above the average March 2020 detached price in the Newcastle-under-Lyme local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

2 LEA LANE Sold Prices

Land registry data shows two sales for 2 LEA 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 Newcastle-under-Lyme local authority area for the corresponding sale date. Both of the two 2 LEA 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
2020 27 MAR	£332,000	£232,450	43% above HPI
2010 12 MAR	£290,000	£178,348	63% above HPI

2 LEA LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newcastle-under-Lyme local authority area over time, sourced from the HPI. The two 2 LEA LANE sales from March 2010 and March 2020 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 2010 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the March 2020 sale, where it falls to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might 2 LEA LANE be worth now?

2 LEA LANE might now be worth an estimated £439,397.

This is based on house price inflation of 32.3%, between March 2020 and April 2026, for detached houses, in the Newcastle-under-Lyme local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.3% inflationary increase is applied to the most recent sale price for 2 LEA LANE of £332,000 on 27th March 2020. For the value to have increased from £332,000 to £439,397 over the five years and eleven months to April 2026, the following assumptions must hold true:

• The value of 2 LEA LANE has moved in line with the HPI for detached houses in the Newcastle-under-Lyme local authority area.
• The March 2020 sale price of £332,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LEA LANE has not materially changed since March 2020.

How Large is 2 LEA LANE?

2 LEA LANE is 195m² according to the EPC inspection conducted in October 2019. This puts it in the largest 10% of detached houses houses in Madeley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Madeley, and where 2 LEA LANE lies on this distribution: 92% of detached houses houses are smaller than 2 LEA LANE, and 7% of houses are larger. Note that EPC data is not available for all properties in Madeley.

2 LEA LANE: Plot and Title Map

2 LEA LANE sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 2 LEA 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 2 LEA 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 2 LEA LANE?

2 LEA LANE is located in MADELEY, in the CW3 postcode district. The below map shows the position of No. 2 on LEA LANE.