7, RAVEL CLOSE, STAMFORD, PE9 1EZ - £184,500

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

7 RAVEL CLOSE is a very small detached house of 79m², built sometime between 2003 and 2006. It was last sold for £184,500 in June 2004, which was around 5% below the average June 2004 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

7 RAVEL CLOSE Sold Prices

Land registry data shows two sales for 7 RAVEL 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 South Kesteven local authority area for the corresponding sale date. Both of the two 7 RAVEL 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
2004 8 JUN	£184,500	£193,884	5% below HPI
2003 10 DEC	£167,950	£186,329	10% below HPI

7 RAVEL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 7 RAVEL CLOSE sales from December 2003 and June 2004 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 2003 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2004 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 7 RAVEL CLOSE?

7 RAVEL CLOSE is 79m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 20% of detached houses in Stamford, based on EPC data. The below chart shows the distribution of detached houses by size in Stamford, and where 7 RAVEL CLOSE lies on this distribution: 12% of detached houses are smaller than 7 RAVEL CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Stamford.

7 RAVEL CLOSE: Plot and Title Map

7 RAVEL CLOSE sits on a plot of roughly 0.029 of an acre, or 116m². The below map shows the location of 7 RAVEL 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 RAVEL 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 RAVEL CLOSE?

7 RAVEL CLOSE is located in STAMFORD, in the PE9 postcode district. The below map shows the position of No. 7 on RAVEL CLOSE.