8, BANK CLOSE, CHESTER, CH2 1PB - £285,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 BANK CLOSE is a very small detached house of 74m², built sometime between 1967 and 1975. It was last sold for £285,000 in June 2014, which was around 7% above the average June 2014 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

8 BANK CLOSE Sold Prices

Land registry data shows three sales for 8 BANK 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 Cheshire West and Chester local authority area for the corresponding sale date. Two of the three 8 BANK CLOSE sales were for above the average price, whilst one was 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
2014 4 JUN	£285,000	£265,684	7% above HPI
2004 7 JUN	£250,000	£227,313	10% above HPI
2002 13 FEB	£143,000	£145,478	2% below HPI

8 BANK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire West and Chester local authority area over time, sourced from the HPI. The three 8 BANK CLOSE sales between February 2002 and June 2014 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 June 2004 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the June 2014 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 8 BANK CLOSE be worth now?

8 BANK CLOSE might now be worth an estimated £457,396.

This is based on house price inflation of 60.5%, between June 2014 and December 2024, for detached houses, in the Cheshire West and Chester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 60.5% inflationary increase is applied to the most recent sale price for 8 BANK CLOSE of £285,000 on 4th June 2014. For the value to have increased from £285,000 to £457,396 over the nine years and six months to December 2024, the following assumptions must hold true:

• The value of 8 BANK CLOSE has moved in line with the HPI for detached houses in the Cheshire West and Chester local authority area.
• The June 2014 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 8 BANK CLOSE has not materially changed since June 2014.

How Large is 8 BANK CLOSE?

8 BANK CLOSE is 74m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of detached houses houses in Chester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chester, and where 8 BANK CLOSE lies on this distribution: 9% of detached houses houses are smaller than 8 BANK CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Chester.

8 BANK CLOSE: Plot and Title Map

8 BANK CLOSE sits on a plot of roughly 0.148 of an acre, or 600m². The below map shows the location of 8 BANK 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 8 BANK 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 8 BANK CLOSE?

8 BANK CLOSE is located in CHESTER, in the CH2 postcode district. The below map shows the position of No. 8 on BANK CLOSE.