47, RICHARDS WAY, SALISBURY, SP2 8NT - £395,000

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

47 RICHARDS WAY is a small detached house of 105m², built sometime between 1967 and 1975. It was last sold for £395,000 in September 2023, which was around 21% below the average September 2023 detached price in the Wiltshire local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

47 RICHARDS WAY Sold Prices

Land registry data shows two sales for 47 RICHARDS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. Both of the two 47 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
2023 29 SEP	£395,000	£499,647	21% below HPI
2016 6 JUL	£296,500	£383,256	23% below HPI

47 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 two 47 RICHARDS WAY sales from July 2016 and September 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 July 2016 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 47 RICHARDS WAY?

47 RICHARDS WAY is 105m² according to the EPC inspection conducted in June 2023. 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 47 RICHARDS WAY lies on this distribution: 37% of detached houses are smaller than 47 RICHARDS WAY, and 62% of houses are larger. Note that EPC data is not available for all properties in Salisbury.

47 RICHARDS WAY: Plot and Title Map

47 RICHARDS WAY sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 47 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 47 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 47 RICHARDS WAY?

47 RICHARDS WAY is located in SALISBURY, in the SP2 postcode district. The below map shows the position of No. 47 on RICHARDS WAY.