2, PETREL CLOSE, PENARTH, CF64 5FT - £275,000

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 PETREL CLOSE is a very small extended detached house of 92m², built sometime between 1983 and 1990. It was last sold for £275,000 in October 2016, which was around 17% below the average October 2016 detached price in the Vale of Glamorgan local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was C.

2 PETREL CLOSE Sold Prices

Land registry data shows two sales for 2 PETREL 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 Vale of Glamorgan local authority area for the corresponding sale date. One of the two 2 PETREL CLOSE sales was for below the average price, whilst the other was for above 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
2016 13 OCT	£275,000	£330,682	17% below HPI
2011 4 MAR	£285,000	£273,332	4% above HPI

2 PETREL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Vale of Glamorgan local authority area over time, sourced from the HPI. The two 2 PETREL CLOSE sales from March 2011 and October 2016 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 March 2011 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the October 2016 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 2 PETREL CLOSE?

2 PETREL CLOSE is 92m², which includes two extensions, according to the EPC inspection conducted in November 2010. This puts it in the smallest 20% of detached houses in Penarth, based on EPC data. The below chart shows the distribution of detached houses by size in Penarth, and where 2 PETREL CLOSE lies on this distribution: 15% of detached houses are smaller than 2 PETREL CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Penarth.

2 PETREL CLOSE: Plot and Title Map

2 PETREL CLOSE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 2 PETREL 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 PETREL 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 PETREL CLOSE?

2 PETREL CLOSE is located in PENARTH, in the CF64 postcode district. The below map shows the position of No. 2 on PETREL CLOSE.