8, PAYNE CLOSE, CHIPPENHAM, SN15 3FX - £385,000

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 PAYNE CLOSE is a very small extended detached house of 83m², built sometime between 1983 and 1990. It was last sold for £385,000 in August 2024, which was around 25% below the average August 2024 detached price in the Wiltshire local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

8 PAYNE CLOSE Sold Prices

Land registry data shows five sales for 8 PAYNE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the five 8 PAYNE 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
2024 29 AUG	£385,000	£510,106	25% below HPI
2005 15 APR	£185,000	£289,405	36% below HPI
2003 14 NOV	£184,000	£274,745	33% below HPI
2002 16 AUG	£163,000	£242,854	33% below HPI
1998 9 APR	£81,000	£127,708	37% below HPI

8 PAYNE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The five 8 PAYNE CLOSE sales between April 1998 and August 2024 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 April 2005 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the August 2024 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 8 PAYNE CLOSE be worth now?

8 PAYNE CLOSE might now be worth an estimated £392,255.

This is based on house price inflation of 1.9%, between August 2024 and December 2024, for detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.9% inflationary increase is applied to the most recent sale price for 8 PAYNE CLOSE of £385,000 on 29th August 2024. For the value to have increased from £385,000 to £392,255 over the eight months to December 2024, the following assumptions must hold true:

• The value of 8 PAYNE CLOSE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The August 2024 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PAYNE CLOSE has not materially changed since August 2024.

How Large is 8 PAYNE CLOSE?

8 PAYNE CLOSE is 83m², which includes two extensions, according to the EPC inspection conducted in April 2022. This puts it in the smallest 20% of detached houses houses in Chippenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chippenham, and where 8 PAYNE CLOSE lies on this distribution: 14% of detached houses houses are smaller than 8 PAYNE CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Chippenham.

8 PAYNE CLOSE: Plot and Title Map

8 PAYNE CLOSE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 8 PAYNE 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 PAYNE 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 PAYNE CLOSE?

8 PAYNE CLOSE is located in CHIPPENHAM, in the SN15 postcode district. The below map shows the position of No. 8 on PAYNE CLOSE.