45, RICHARDS WAY, SALISBURY, SP2 8NT - £375,000

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

45 RICHARDS WAY is a small extended detached house of 107m², built sometime between 1967 and 1975. It was last sold for £375,000 in July 2024, which was around 25% below the average July 2024 detached price in the Wiltshire local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

45 RICHARDS WAY Sold Prices

Land registry data shows four sales for 45 RICHARDS 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 Wiltshire local authority area for the corresponding sale date. All of the four 45 RICHARDS WAY 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 JUL	£375,000	£502,080	25% below HPI
2024 28 MAR	£352,500	£489,873	28% below HPI
2009 25 NOV	£278,500	£298,984	7% below HPI
2008 24 JUN	£202,500	£319,816	37% below HPI

45 RICHARDS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The four 45 RICHARDS WAY sales between June 2008 and July 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 2024 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2024 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 45 RICHARDS WAY?

45 RICHARDS WAY is 107m², which includes two extensions, according to the EPC inspection conducted in March 2024. This puts it in the smallest 40% of detached houses in Salisbury, based on EPC data. The below chart shows the distribution of detached houses by size in Salisbury, and where 45 RICHARDS WAY lies on this distribution: 39% of detached houses are smaller than 45 RICHARDS WAY, and 60% of houses are larger. Note that EPC data is not available for all properties in Salisbury.

45 RICHARDS WAY: Plot and Title Map

45 RICHARDS WAY sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 45 RICHARDS 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 45 RICHARDS 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 45 RICHARDS WAY?

45 RICHARDS WAY is located in SALISBURY, in the SP2 postcode district. The below map shows the position of No. 45 on RICHARDS WAY.