5, LARA CLOSE, STAFFORD, ST16 1AP - £225,000

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.

5 LARA CLOSE is a small extended detached house of 87m², built sometime between 1991 and 1995, which could now be worth an estimated £279,019. It was last sold for £225,000 in March 2020, which was around 26% below the average March 2020 detached price in the Stafford local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

5 LARA CLOSE Sold Prices

Land registry data shows four sales for 5 LARA CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Stafford local authority area for the corresponding sale date. All of the four 5 LARA 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
2020 17 MAR	£225,000	£304,643	26% below HPI
2007 6 JUL	£202,500	£252,328	20% below HPI
2002 8 NOV	£137,000	£163,324	16% below HPI
1996 6 DEC	£75,000	£84,737	11% below HPI

5 LARA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stafford local authority area over time, sourced from the HPI. The four 5 LARA CLOSE sales between December 1996 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 July 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2020 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 5 LARA CLOSE be worth now?

5 LARA CLOSE might now be worth an estimated £279,019.

This is based on house price inflation of 24%, between March 2020 and June 2025, for detached houses, in the Stafford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24% inflationary increase is applied to the most recent sale price for 5 LARA CLOSE of £225,000 on 17th March 2020. For the value to have increased from £225,000 to £279,019 over the four years and nine months to June 2025, the following assumptions must hold true:

• The value of 5 LARA CLOSE has moved in line with the HPI for detached houses in the Stafford local authority area.
• The March 2020 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LARA CLOSE has not materially changed since March 2020.

How Large is 5 LARA CLOSE?

5 LARA CLOSE is 87m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the smallest 30% of detached houses houses in Stafford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stafford, and where 5 LARA CLOSE lies on this distribution: 21% of detached houses houses are smaller than 5 LARA CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Stafford.

5 LARA CLOSE: Plot and Title Map

5 LARA CLOSE sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 5 LARA 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 5 LARA 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 5 LARA CLOSE?

5 LARA CLOSE is located in STAFFORD, in the ST16 postcode district. The below map shows the position of No. 5 on LARA CLOSE.