1, VENCE CLOSE, STAMFORD, PE9 2LZ - £545,000

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.

1 VENCE CLOSE is a very small detached house of 76m², built sometime between 1976 and 1982, which could now be worth an estimated £572,976. It was last sold for £545,000 in February 2022, which was around 57% above the average February 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

1 VENCE CLOSE Sold Prices

Land registry data shows two sales for 1 VENCE 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 South Kesteven local authority area for the corresponding sale date. Both of the two 1 VENCE 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
2022 24 FEB	£545,000	£346,854	57% above HPI
2007 30 APR	£295,000	£231,260	28% above HPI

1 VENCE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 1 VENCE CLOSE sales from April 2007 and February 2022 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 April 2007 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the February 2022 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 1 VENCE CLOSE be worth now?

1 VENCE CLOSE might now be worth an estimated £572,976.

This is based on house price inflation of 5.1%, between February 2022 and February 2025, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.1% inflationary increase is applied to the most recent sale price for 1 VENCE CLOSE of £545,000 on 24th February 2022. For the value to have increased from £545,000 to £572,976 over the three years to February 2025, the following assumptions must hold true:

• The value of 1 VENCE CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The February 2022 sale price of £545,000 represented a fair market value for the property.
• The size, condition, and specification of 1 VENCE CLOSE has not materially changed since February 2022.

How Large is 1 VENCE CLOSE?

1 VENCE CLOSE is 76m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% of detached houses houses in Stamford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stamford, and where 1 VENCE CLOSE lies on this distribution: 10% of detached houses houses are smaller than 1 VENCE CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Stamford.

1 VENCE CLOSE: Plot and Title Map

1 VENCE CLOSE sits on a plot of roughly 0.159 of an acre, or 642m². The below map shows the location of 1 VENCE 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 1 VENCE 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 1 VENCE CLOSE?

1 VENCE CLOSE is located in STAMFORD, in the PE9 postcode district. The below map shows the position of No. 1 on VENCE CLOSE.