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 FARM HOUSE CLOSE is a very small detached house of 75m², built sometime between 1983 and 1990. It was last sold for £212,000 in November 2017, which was around 29% below the average November 2017 detached price in the Melton local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was C.
Land registry data shows three sales for 2 FARM HOUSE CLOSE since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 2 FARM HOUSE 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 |
---|---|---|---|
2017 27 NOV | £212,000 | £299,805 | 29% below HPI |
2011 5 DEC | £149,500 | £227,285 | 34% below HPI |
2002 5 JUL | £100,000 | £156,269 | 36% below HPI |
The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The three 2 FARM HOUSE CLOSE sales between July 2002 and November 2017 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 2011 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2017 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.
2 FARM HOUSE CLOSE is 75m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 20% of detached houses in Bottesford, based on EPC data. The below chart shows the distribution of detached houses by size in Bottesford, and where 2 FARM HOUSE CLOSE lies on this distribution: 11% of detached houses are smaller than 2 FARM HOUSE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Bottesford.
2 FARM HOUSE CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 2 FARM HOUSE 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 FARM HOUSE 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.
2 FARM HOUSE CLOSE is located in BOTTESFORD, in the NG13 postcode district. The below map shows the position of No. 2 on FARM HOUSE CLOSE.