3, FARNES CLOSE, LIGHTHORNE HEATH, LEAMINGTON SPA, CV33 9DB - £402,500

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

3 FARNES CLOSE is a small detached house of 107m², built in 2021. It was last sold for £402,500 in June 2024, which was around 33% below the average June 2024 detached price in the Stratford-on-Avon local authority area. The most recent EPC inspection was February 2022, where the current energy rating was B, and the potential energy rating was A.

3 FARNES CLOSE Sold Prices

Land registry data shows two sales for 3 FARNES 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 Stratford-on-Avon local authority area for the corresponding sale date. Both of the two 3 FARNES 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
2024 26 JUN	£402,500	£604,045	33% below HPI
2022 31 MAR	£395,000	£508,097	22% below HPI

3 FARNES CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stratford-on-Avon local authority area over time, sourced from the HPI. The two 3 FARNES CLOSE sales from March 2022 and June 2024 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 2022 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2024 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 3 FARNES CLOSE?

3 FARNES CLOSE is 107m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% of detached houses in Lighthorne Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Lighthorne Heath, and where 3 FARNES CLOSE lies on this distribution: 26% of detached houses are smaller than 3 FARNES CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Lighthorne Heath.

3 FARNES CLOSE: Plot and Title Map

3 FARNES CLOSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 3 FARNES 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 3 FARNES 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 3 FARNES CLOSE?

3 FARNES CLOSE is located in LIGHTHORNE HEATH, in the CV33 postcode district. The below map shows the position of No. 3 on FARNES CLOSE.