2, FROME CLOSE, OAKLEY, BASINGSTOKE, RG23 7DH - £490,000

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 FROME CLOSE is a midsized detached house of 125m², built sometime between 1976 and 1982, which could now be worth an estimated £565,131. It was last sold for £490,000 in December 2020, which was around 12% below the average December 2020 detached price in the Basingstoke and Deane local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

2 FROME CLOSE Sold Prices

Land registry data shows three sales for 2 FROME 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 Basingstoke and Deane local authority area for the corresponding sale date. All of the three 2 FROME 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
2020 17 DEC	£490,000	£555,017	12% below HPI
2010 3 NOV	£330,000	£375,435	12% below HPI
2000 29 FEB	£175,000	£200,916	13% below HPI

2 FROME CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basingstoke and Deane local authority area over time, sourced from the HPI. The three 2 FROME CLOSE sales between February 2000 and December 2020 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 November 2010 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the December 2020 sale, which was also at 12% below the HPI.

What might 2 FROME CLOSE be worth now?

2 FROME CLOSE might now be worth an estimated £565,131.

This is based on house price inflation of 15.3%, between December 2020 and February 2025, for detached houses, in the Basingstoke and Deane local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.3% inflationary increase is applied to the most recent sale price for 2 FROME CLOSE of £490,000 on 17th December 2020. For the value to have increased from £490,000 to £565,131 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 FROME CLOSE has moved in line with the HPI for detached houses in the Basingstoke and Deane local authority area.
• The December 2020 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FROME CLOSE has not materially changed since December 2020.

How Large is 2 FROME CLOSE?

2 FROME CLOSE is 125m² according to the EPC inspection conducted in August 2020. This puts it in the largest 50% of detached houses houses in Oakley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakley, and where 2 FROME CLOSE lies on this distribution: 55% of detached houses houses are smaller than 2 FROME CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Oakley.

2 FROME CLOSE: Plot and Title Map

2 FROME CLOSE sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 2 FROME 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 FROME 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 FROME CLOSE?

2 FROME CLOSE is located in OAKLEY, in the RG23 postcode district. The below map shows the position of No. 2 on FROME CLOSE.