2, SPICER PLACE, RUGBY, CV22 7EA - £450,000

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 SPICER PLACE is a very large extended detached house of 160m², built sometime between 1967 and 1975, which could now be worth an estimated £493,675. It was last sold for £450,000 in May 2022, which was around 3% above the average May 2022 detached price in the Rugby local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was C.

2 SPICER PLACE Sold Prices

Land registry data shows two sales for 2 SPICER PLACE 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. One of the two 2 SPICER PLACE sales was for above the average price, whilst the other was 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
2022 19 MAY	£450,000	£434,950	3% above HPI
2013 9 AUG	£250,000	£261,611	4% below HPI

2 SPICER PLACE 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 SPICER PLACE sales from August 2013 and May 2022 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 2013 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2022 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 2 SPICER PLACE be worth now?

2 SPICER PLACE might now be worth an estimated £493,675.

This is based on house price inflation of 9.7%, between May 2022 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 9.7% inflationary increase is applied to the most recent sale price for 2 SPICER PLACE of £450,000 on 19th May 2022. For the value to have increased from £450,000 to £493,675 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 2 SPICER PLACE has moved in line with the HPI for detached houses in the Rugby local authority area.
• The May 2022 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPICER PLACE has not materially changed since May 2022.

How Large is 2 SPICER PLACE?

2 SPICER PLACE is 160m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the largest 20% 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 SPICER PLACE lies on this distribution: 83% of detached houses houses are smaller than 2 SPICER PLACE, and 16% of houses are larger. Note that EPC data is not available for all properties in Rugby.

2 SPICER PLACE: Plot and Title Map

2 SPICER PLACE sits on a plot of roughly 0.225 of an acre, or 912m². The below map shows the location of 2 SPICER PLACE, 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 SPICER PLACE). 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 SPICER PLACE?

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