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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 CHESTER CLOSE is a small extended detached house of 111m², built sometime between 1991 and 1995. It was last sold for £505,000 in December 2022, which was around 24% 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	£668,346	24% below HPI
2005 9 DEC	£304,000	£335,752	9% 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 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2022 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

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 in Newbury, based on EPC data. The below chart shows the distribution of detached houses by size in Newbury, and where 2 CHESTER CLOSE lies on this distribution: 36% of detached 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.