7, GERARD CLOSE, CHESTERFIELD, S40 3DQ - £300,000

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.

7 GERARD CLOSE is a very small detached house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £375,604. It was last sold for £300,000 in November 2019, which was around 17% above the average November 2019 detached price in the Chesterfield local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

7 GERARD CLOSE Sold Prices

Land registry data shows three sales for 7 GERARD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chesterfield local authority area for the corresponding sale date. One of the three 7 GERARD CLOSE sales was for above the average price, whilst two 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 13 NOV	£300,000	£257,493	17% above HPI
2018 16 NOV	£225,000	£256,662	12% below HPI
1996 26 APR	£60,000	£67,542	11% below HPI

7 GERARD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chesterfield local authority area over time, sourced from the HPI. The three 7 GERARD CLOSE sales between April 1996 and November 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 November 2018 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2019 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 7 GERARD CLOSE be worth now?

7 GERARD CLOSE might now be worth an estimated £375,604.

This is based on house price inflation of 25.2%, between November 2019 and March 2025, for detached houses, in the Chesterfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.2% inflationary increase is applied to the most recent sale price for 7 GERARD CLOSE of £300,000 on 13th November 2019. For the value to have increased from £300,000 to £375,604 over the six years and eight months to March 2025, the following assumptions must hold true:

• The value of 7 GERARD CLOSE has moved in line with the HPI for detached houses in the Chesterfield local authority area.
• The November 2019 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GERARD CLOSE has not materially changed since November 2019.

How Large is 7 GERARD CLOSE?

7 GERARD CLOSE is 77m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 20% of detached houses houses in Chesterfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chesterfield, and where 7 GERARD CLOSE lies on this distribution: 16% of detached houses houses are smaller than 7 GERARD CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Chesterfield.

7 GERARD CLOSE: Plot and Title Map

7 GERARD CLOSE sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 7 GERARD 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 7 GERARD 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 7 GERARD CLOSE?

7 GERARD CLOSE is located in CHESTERFIELD, in the S40 postcode district. The below map shows the position of No. 7 on GERARD CLOSE.