FLAT 1, THE GALLERY, BACK LANE, RAMSBURY, MARLBOROUGH, SN8 2QH - £235,000

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

FLAT 1 THE GALLERY is a very small detached house of 79m², built sometime between 1996 and 2002, which could now be worth an estimated £554,068. It was last sold for £235,000 in May 2002, which was around 7% above the average May 2002 detached price in the Wiltshire local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was D.

FLAT 1 THE GALLERY Sold Prices

Land registry data shows three sales for FLAT 1 THE GALLERY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the three FLAT 1 THE GALLERY sales were for above 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
2002 28 MAY	£235,000	£220,431	7% above HPI
1999 24 NOV	£220,000	£158,956	38% above HPI
1997 27 MAR	£145,000	£112,505	29% above HPI

FLAT 1 THE GALLERY 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 three FLAT 1 THE GALLERY sales between March 1997 and May 2002 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 1999 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the May 2002 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might FLAT 1 THE GALLERY be worth now?

FLAT 1 THE GALLERY might now be worth an estimated £554,068.

This is based on house price inflation of 135.8%, between May 2002 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 135.8% inflationary increase is applied to the most recent sale price for FLAT 1 THE GALLERY of £235,000 on 28th May 2002. For the value to have increased from £235,000 to £554,068 over the 21 years and five months to December 2024, the following assumptions must hold true:

• The value of FLAT 1 THE GALLERY has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The May 2002 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 1 THE GALLERY has not materially changed since May 2002.

How Large is FLAT 1 THE GALLERY?

FLAT 1 THE GALLERY is 79m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 10% of detached houses houses in Ramsbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ramsbury, and where FLAT 1 THE GALLERY lies on this distribution: 3% of detached houses houses are smaller than FLAT 1 THE GALLERY, and 97% of houses are larger. Note that EPC data is not available for all properties in Ramsbury.

FLAT 1 THE GALLERY: Plot and Title Map

FLAT 1 THE GALLERY sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of FLAT 1 THE GALLERY, 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 FLAT 1 THE GALLERY). 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 FLAT 1 THE GALLERY?

FLAT 1, THE GALLERY is located on BACK LANE in RAMSBURY, in the SN8 postcode district. The below map shows the position of FLAT 1, THE GALLERY on BACK LANE.