GRASMERE, ELMWOOD, CHIPPENHAM, SN15 1AW - £365,000

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

GRASMERE is a very small detached house of 77m², built sometime between 1983 and 1990. It was last sold for £365,000 in November 2021, which was around 24% below the average November 2021 detached price in the Wiltshire local authority area. The most recent EPC inspection was June 2020, where the current energy rating was A, and the potential energy rating was A.

GRASMERE Sold Prices

Land registry data shows two sales for GRASMERE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. Both of the two GRASMERE 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
2021 18 NOV	£365,000	£478,857	24% below HPI
2007 28 JUN	£223,000	£331,193	33% below HPI

GRASMERE 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 two GRASMERE sales from June 2007 and November 2021 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 2007 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2021 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might GRASMERE be worth now?

GRASMERE might now be worth an estimated £396,146.

This is based on house price inflation of 8.5%, between November 2021 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 8.5% inflationary increase is applied to the most recent sale price for GRASMERE of £365,000 on 18th November 2021. For the value to have increased from £365,000 to £396,146 over the two years and eleven months to December 2024, the following assumptions must hold true:

• The value of GRASMERE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The November 2021 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of GRASMERE has not materially changed since November 2021.

How Large is GRASMERE?

GRASMERE is 77m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% 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 GRASMERE lies on this distribution: 10% of detached houses houses are smaller than GRASMERE, and 90% of houses are larger. Note that EPC data is not available for all properties in Chippenham.

GRASMERE: Plot and Title Map

GRASMERE sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of GRASMERE, 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 GRASMERE). 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 GRASMERE?

GRASMERE is located on ELMWOOD in CHIPPENHAM, in the SN15 postcode district. The below map shows the position of GRASMERE on ELMWOOD.