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 WHARF ROAD is a midsized extended detached house of 117m², built sometime between 1900 and 1929. It was last sold for £500,000 in January 2023, which was around 32% above the average January 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows three sales for 2 WHARF ROAD since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Two of the three 2 WHARF ROAD sales were for above the average price, whilst one 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 |
---|---|---|---|
2023 10 JAN | £500,000 | £380,226 | 32% above HPI |
2019 1 NOV | £421,000 | £305,519 | 38% above HPI |
2017 15 JUN | £215,000 | £282,729 | 24% below HPI |
The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The three 2 WHARF ROAD sales between June 2017 and January 2023 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 2019 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the January 2023 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.
2 WHARF ROAD is 117m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the largest 50% of detached houses in Stamford, based on EPC data. The below chart shows the distribution of detached houses by size in Stamford, and where 2 WHARF ROAD lies on this distribution: 49% of detached houses are smaller than 2 WHARF ROAD, and 50% of houses are larger. Note that EPC data is not available for all properties in Stamford.
2 WHARF ROAD sits on a plot of roughly 0.024 of an acre, or 97m². The below map shows the location of 2 WHARF ROAD, 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 WHARF ROAD). 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 WHARF ROAD is located in STAMFORD, in the PE9 postcode district. The below map shows the position of No. 2 on WHARF ROAD.