3, SEVERN CLOSE, MACCLESFIELD, SK10 3DD - £363,000

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 SEVERN CLOSE is a very large extended detached house of 162m², built sometime between 1976 and 1982, which could now be worth an estimated £549,670. It was last sold for £363,000 in September 2015, which was around 14% above the average September 2015 detached price in the Cheshire East local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

3 SEVERN CLOSE Sold Prices

Land registry data shows two sales for 3 SEVERN 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 3 SEVERN 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
2015 10 SEP	£363,000	£317,841	14% above HPI
2000 10 FEB	£186,000	£123,701	50% above HPI

3 SEVERN 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 3 SEVERN CLOSE sales from February 2000 and September 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 February 2000 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the September 2015 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 3 SEVERN CLOSE be worth now?

3 SEVERN CLOSE might now be worth an estimated £549,670.

This is based on house price inflation of 51.4%, between September 2015 and April 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 51.4% inflationary increase is applied to the most recent sale price for 3 SEVERN CLOSE of £363,000 on 10th September 2015. For the value to have increased from £363,000 to £549,670 over the eleven years and five months to April 2026, the following assumptions must hold true:

• The value of 3 SEVERN CLOSE has moved in line with the HPI for detached houses in the Cheshire East local authority area.
• The September 2015 sale price of £363,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SEVERN CLOSE has not materially changed since September 2015.

How Large is 3 SEVERN CLOSE?

3 SEVERN CLOSE is 162m², which includes two extensions, according to the EPC inspection conducted in June 2016. 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 3 SEVERN CLOSE lies on this distribution: 82% of detached houses houses are smaller than 3 SEVERN CLOSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Macclesfield.

3 SEVERN CLOSE: Plot and Title Map

3 SEVERN CLOSE sits on a plot of roughly 0.149 of an acre, or 601m². The below map shows the location of 3 SEVERN 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 SEVERN 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 SEVERN CLOSE?

3 SEVERN CLOSE is located in MACCLESFIELD, in the SK10 postcode district. The below map shows the position of No. 3 on SEVERN CLOSE.