3, SPEEDS WAY, FARNDON, CHESTER, CH3 6QN - £450,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 SPEEDS WAY is a very large extended detached house of 150m², built sometime between 1996 and 2002. It was last sold for £450,000 in January 2022, which was around 20% above the average January 2022 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

3 SPEEDS WAY Sold Prices

Land registry data shows four sales for 3 SPEEDS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cheshire West and Chester local authority area for the corresponding sale date. Most of the four 3 SPEEDS WAY sales were 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
2022 14 JAN	£450,000	£375,717	20% above HPI
2002 2 DEC	£195,500	£173,799	12% above HPI
1997 14 MAY	£122,000	£95,646	28% above HPI
1996 7 NOV	£20,000	£92,087	78% below HPI

3 SPEEDS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire West and Chester local authority area over time, sourced from the HPI. The four 3 SPEEDS WAY sales between November 1996 and January 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 December 2002 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the January 2022 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 3 SPEEDS WAY?

3 SPEEDS WAY is 150m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the largest 20% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 3 SPEEDS WAY lies on this distribution: 81% of detached houses are smaller than 3 SPEEDS WAY, and 16% of houses are larger. Note that EPC data is not available for all properties in Farndon.

3 SPEEDS WAY: Plot and Title Map

3 SPEEDS WAY sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 3 SPEEDS WAY, 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 SPEEDS WAY). 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 SPEEDS WAY?

3 SPEEDS WAY is located in FARNDON, in the CH3 postcode district. The below map shows the position of No. 3 on SPEEDS WAY.