2, CHESTER CLOSE, NEWBURY, RG14 7RR - £505,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 CHESTER CLOSE is a small extended detached house of 111m², built sometime between 1991 and 1995, which could now be worth an estimated £507,510. It was last sold for £505,000 in December 2022, which was around 27% below the average December 2022 detached price in the West Berkshire local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

2 CHESTER CLOSE Sold Prices

Land registry data shows two sales for 2 CHESTER 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 West Berkshire local authority area for the corresponding sale date. Both of the two 2 CHESTER 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
2022 6 DEC	£505,000	£690,582	27% below HPI
2005 9 DEC	£304,000	£346,923	12% below HPI

2 CHESTER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Berkshire local authority area over time, sourced from the HPI. The two 2 CHESTER CLOSE sales from December 2005 and December 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 December 2005 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the December 2022 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 CHESTER CLOSE be worth now?

2 CHESTER CLOSE might now be worth an estimated £507,510.

This is based on house price inflation of 0.5%, between December 2022 and December 2024, for detached houses, in the West Berkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.5% inflationary increase is applied to the most recent sale price for 2 CHESTER CLOSE of £505,000 on 6th December 2022. For the value to have increased from £505,000 to £507,510 over the two years to December 2024, the following assumptions must hold true:

• The value of 2 CHESTER CLOSE has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The December 2022 sale price of £505,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHESTER CLOSE has not materially changed since December 2022.

How Large is 2 CHESTER CLOSE?

2 CHESTER CLOSE is 111m², which includes two extensions, according to the EPC inspection conducted in February 2022. This puts it in the smallest 40% of detached houses houses in Newbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newbury, and where 2 CHESTER CLOSE lies on this distribution: 35% of detached houses houses are smaller than 2 CHESTER CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Newbury.

2 CHESTER CLOSE: Plot and Title Map

2 CHESTER CLOSE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 2 CHESTER 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 2 CHESTER 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 2 CHESTER CLOSE?

2 CHESTER CLOSE is located in NEWBURY, in the RG14 postcode district. The below map shows the position of No. 2 on CHESTER CLOSE.