8, ELGIN CLOSE, VICARS CROSS, CHESTER, CH3 5JS - £215,000

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 ELGIN CLOSE is a very small detached house of 75m², built sometime between 1967 and 1975. It was last sold for £215,000 in March 2011, which was around 17% below the average March 2011 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

8 ELGIN CLOSE Sold Prices

Land registry data shows two sales for 8 ELGIN 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 Cheshire West and Chester local authority area for the corresponding sale date. Both of the two 8 ELGIN 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
2011 25 MAR	£215,000	£260,197	17% below HPI
2002 18 JAN	£125,000	£147,097	15% below HPI

8 ELGIN 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 two 8 ELGIN CLOSE sales from January 2002 and March 2011 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 January 2002 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2011 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 8 ELGIN CLOSE be worth now?

8 ELGIN CLOSE might now be worth an estimated £352,330.

This is based on house price inflation of 63.9%, between March 2011 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 63.9% inflationary increase is applied to the most recent sale price for 8 ELGIN CLOSE of £215,000 on 25th March 2011. For the value to have increased from £215,000 to £352,330 over the twelve years and three months to December 2024, the following assumptions must hold true:

• The value of 8 ELGIN CLOSE has moved in line with the HPI for detached houses in the Cheshire West and Chester local authority area.
• The March 2011 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ELGIN CLOSE has not materially changed since March 2011.

How Large is 8 ELGIN CLOSE?

8 ELGIN CLOSE is 75m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 20% 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 ELGIN CLOSE lies on this distribution: 10% of detached houses houses are smaller than 8 ELGIN CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Chester.

8 ELGIN CLOSE: Plot and Title Map

8 ELGIN CLOSE sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 8 ELGIN 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 ELGIN 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 ELGIN CLOSE?

8 ELGIN CLOSE is located in VICARS CROSS, in the CH3 postcode district. The below map shows the position of No. 8 on ELGIN CLOSE.