5, WELLS CLOSE, GALLEY COMMON, NUNEATON, CV10 9RW - £272,500

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.

5 WELLS CLOSE is a large detached house of 118m², built sometime between 1983 and 1990, which could now be worth an estimated £329,358. It was last sold for £272,500 in August 2020, which was around 8% below the average August 2020 detached price in the Nuneaton and Bedworth local authority area. The most recent EPC inspection was July 2017, where the current energy rating was C, and the potential energy rating was B.

5 WELLS CLOSE Sold Prices

Land registry data shows two sales for 5 WELLS 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 Nuneaton and Bedworth local authority area for the corresponding sale date. Both of the two 5 WELLS 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
2020 7 AUG	£272,500	£294,751	8% below HPI
2017 20 SEP	£210,000	£262,488	20% below HPI

5 WELLS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Nuneaton and Bedworth local authority area over time, sourced from the HPI. The two 5 WELLS CLOSE sales from September 2017 and August 2020 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 September 2017 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2020 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 5 WELLS CLOSE be worth now?

5 WELLS CLOSE might now be worth an estimated £329,358.

This is based on house price inflation of 20.9%, between August 2020 and February 2025, for detached houses, in the Nuneaton and Bedworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.9% inflationary increase is applied to the most recent sale price for 5 WELLS CLOSE of £272,500 on 7th August 2020. For the value to have increased from £272,500 to £329,358 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 5 WELLS CLOSE has moved in line with the HPI for detached houses in the Nuneaton and Bedworth local authority area.
• The August 2020 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of 5 WELLS CLOSE has not materially changed since August 2020.

How Large is 5 WELLS CLOSE?

5 WELLS CLOSE is 118m² according to the EPC inspection conducted in July 2017. This puts it in the largest 40% of detached houses houses in Nuneaton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nuneaton, and where 5 WELLS CLOSE lies on this distribution: 63% of detached houses houses are smaller than 5 WELLS CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Nuneaton.

5 WELLS CLOSE: Plot and Title Map

5 WELLS CLOSE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 5 WELLS 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 5 WELLS 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 5 WELLS CLOSE?

5 WELLS CLOSE is located in GALLEY COMMON, in the CV10 postcode district. The below map shows the position of No. 5 on WELLS CLOSE.