2, FRIARS CLOSE, BINLEY WOODS, COVENTRY, CV3 2QW - £123,000

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 FRIARS CLOSE is a small detached house of 97m², built sometime between 1967 and 1975, which could now be worth an estimated £433,914. It was last sold for £123,000 in January 2001, which was around 9% below the average January 2001 detached price in the Rugby local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

2 FRIARS CLOSE Sold Prices

Land registry data shows two sales for 2 FRIARS 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 Rugby local authority area for the corresponding sale date. Both of the two 2 FRIARS 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
2001 26 JAN	£123,000	£135,260	9% below HPI
1997 4 JUL	£85,000	£97,770	13% below HPI

2 FRIARS 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 two 2 FRIARS CLOSE sales from July 1997 and January 2001 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 July 1997 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the January 2001 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2 FRIARS CLOSE be worth now?

2 FRIARS CLOSE might now be worth an estimated £433,914.

This is based on house price inflation of 252.8%, between January 2001 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 252.8% inflationary increase is applied to the most recent sale price for 2 FRIARS CLOSE of £123,000 on 26th January 2001. For the value to have increased from £123,000 to £433,914 over the 23 years and eleven months to February 2025, the following assumptions must hold true:

• The value of 2 FRIARS CLOSE has moved in line with the HPI for detached houses in the Rugby local authority area.
• The January 2001 sale price of £123,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FRIARS CLOSE has not materially changed since January 2001.

How Large is 2 FRIARS CLOSE?

2 FRIARS CLOSE is 97m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 40% of detached houses houses in Binley Woods, based on EPC data. The below chart shows the distribution of detached houses houses by size in Binley Woods, and where 2 FRIARS CLOSE lies on this distribution: 31% of detached houses houses are smaller than 2 FRIARS CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Binley Woods.

2 FRIARS CLOSE: Plot and Title Map

2 FRIARS CLOSE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 2 FRIARS 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 FRIARS 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 FRIARS CLOSE?

2 FRIARS CLOSE is located in BINLEY WOODS, in the CV3 postcode district. The below map shows the position of No. 2 on FRIARS CLOSE.