2, ELDER CLOSE, RUGBY, CV22 7TJ - £241,000

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.

2 ELDER CLOSE is a small detached house of 99m², built sometime between 1991 and 1995, which could now be worth an estimated £461,078. It was last sold for £241,000 in September 2010, which was around 3% below the average September 2010 detached price in the Rugby local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

2 ELDER CLOSE Sold Prices

Land registry data shows three sales for 2 ELDER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rugby local authority area for the corresponding sale date. All of the three 2 ELDER 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
2010 3 SEP	£241,000	£249,408	3% below HPI
2008 4 AUG	£240,000	£254,118	6% below HPI
1996 29 MAR	£75,500	£81,645	8% below HPI

2 ELDER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rugby local authority area over time, sourced from the HPI. The three 2 ELDER CLOSE sales between March 1996 and September 2010 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 August 2008 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the September 2010 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 2 ELDER CLOSE be worth now?

2 ELDER CLOSE might now be worth an estimated £461,078.

This is based on house price inflation of 91.3%, between September 2010 and February 2025, for detached houses, in the Rugby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 91.3% inflationary increase is applied to the most recent sale price for 2 ELDER CLOSE of £241,000 on 3rd September 2010. For the value to have increased from £241,000 to £461,078 over the fifteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 ELDER CLOSE has moved in line with the HPI for detached houses in the Rugby local authority area.
• The September 2010 sale price of £241,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELDER CLOSE has not materially changed since September 2010.

How Large is 2 ELDER CLOSE?

2 ELDER CLOSE is 99m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 40% of detached houses houses in Rugby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rugby, and where 2 ELDER CLOSE lies on this distribution: 31% of detached houses houses are smaller than 2 ELDER CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Rugby.

2 ELDER CLOSE: Plot and Title Map

2 ELDER CLOSE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 2 ELDER 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 ELDER 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 ELDER CLOSE?

2 ELDER CLOSE is located in RUGBY, in the CV22 postcode district. The below map shows the position of No. 2 on ELDER CLOSE.