3, REEVE CLOSE, HANDSACRE, RUGELEY, WS15 4TS - £89,000

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.

3 REEVE CLOSE is a very small terraced house of 43m², built sometime between 1991 and 1995, which could now be worth an estimated £133,155. It was last sold for £89,000 in November 2015, which was around 44% below the average November 2015 terraced price in the Lichfield local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

3 REEVE CLOSE Sold Prices

Land registry data shows five sales for 3 REEVE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Lichfield local authority area for the corresponding sale date. All of the five 3 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
2015 12 NOV	£89,000	£158,856	44% below HPI
2005 24 MAR	£92,950	£130,259	29% below HPI
2001 30 MAR	£45,000	£66,007	32% below HPI
1997 21 NOV	£31,000	£47,232	34% below HPI
1996 11 OCT	£36,000	£45,465	21% below HPI

3 REEVE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Lichfield local authority area over time, sourced from the HPI. The five 3 REEVE CLOSE sales between October 1996 and November 2015 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 2005 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2015 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 3 REEVE CLOSE be worth now?

3 REEVE CLOSE might now be worth an estimated £133,155.

This is based on house price inflation of 49.6%, between November 2015 and June 2025, for terraced 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 49.6% inflationary increase is applied to the most recent sale price for 3 REEVE CLOSE of £89,000 on 12th November 2015. For the value to have increased from £89,000 to £133,155 over the ten years and five months to June 2025, the following assumptions must hold true:

• The value of 3 REEVE CLOSE has moved in line with the HPI for terraced houses in the Lichfield local authority area.
• The November 2015 sale price of £89,000 represented a fair market value for the property.
• The size, condition, and specification of 3 REEVE CLOSE has not materially changed since November 2015.

How Large is 3 REEVE CLOSE?

3 REEVE CLOSE is 43m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of terraced houses houses in Armitage, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Armitage, and where 3 REEVE CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 3 REEVE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Armitage.

3 REEVE CLOSE: Plot and Title Map

3 REEVE CLOSE sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 3 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 3 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 3 REEVE CLOSE?

3 REEVE CLOSE is located in HANDSACRE, in the WS15 postcode district. The below map shows the position of No. 3 on REEVE CLOSE.