3, GORSE CLOSE, RUGBY, CV22 6SH - £219,950

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.

3 GORSE CLOSE is a very small detached house of 76m², built sometime between 1983 and 1990, which could now be worth an estimated £286,988. It was last sold for £219,950 in May 2019, which was around 40% below the average May 2019 detached price in the Rugby local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

3 GORSE CLOSE Sold Prices

Land registry data shows four sales for 3 GORSE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rugby local authority area for the corresponding sale date. All of the four 3 GORSE 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
2019 3 MAY	£219,950	£365,702	40% below HPI
2015 23 MAR	£166,000	£284,525	42% below HPI
2004 3 DEC	£142,000	£247,994	43% below HPI
2003 21 FEB	£124,000	£197,465	37% below HPI

3 GORSE CLOSE 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 four 3 GORSE CLOSE sales between February 2003 and May 2019 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 2015 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the May 2019 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 3 GORSE CLOSE be worth now?

3 GORSE CLOSE might now be worth an estimated £286,988.

This is based on house price inflation of 30.5%, between May 2019 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 30.5% inflationary increase is applied to the most recent sale price for 3 GORSE CLOSE of £219,950 on 3rd May 2019. For the value to have increased from £219,950 to £286,988 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 3 GORSE CLOSE has moved in line with the HPI for detached houses in the Rugby local authority area.
• The May 2019 sale price of £219,950 represented a fair market value for the property.
• The size, condition, and specification of 3 GORSE CLOSE has not materially changed since May 2019.

How Large is 3 GORSE CLOSE?

3 GORSE CLOSE is 76m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% 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 3 GORSE CLOSE lies on this distribution: 8% of detached houses houses are smaller than 3 GORSE CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Rugby.

3 GORSE CLOSE: Plot and Title Map

3 GORSE CLOSE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 3 GORSE 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 GORSE 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 GORSE CLOSE?

3 GORSE CLOSE is located in RUGBY, in the CV22 postcode district. The below map shows the position of No. 3 on GORSE CLOSE.