METREL, PARKERS LANE, KINGTON LANGLEY, CHIPPENHAM, SN15 5PH - £830,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

METREL is a large extended detached house of 226m², built sometime between 1967 and 1975, which could now be worth an estimated £985,350. It was last sold for £830,000 in September 2018, which was around 90% above the average September 2018 detached price in the Wiltshire local authority area. The most recent EPC inspection was December 2013, where the current energy rating was C, and the potential energy rating was B.

METREL Sold Prices

Land registry data shows three sales for METREL 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 METREL 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
2018 21 SEP	£830,000	£437,830	90% above HPI
2008 22 JAN	£600,000	£341,134	76% above HPI
2007 31 JAN	£420,000	£324,428	29% above HPI

METREL 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 METREL sales between January 2007 and September 2018 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 2008 sale was for 76% above the HPI. So the extrapolation line tracks at 76% above the HPI over time, until the September 2018 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

What might METREL be worth now?

METREL might now be worth an estimated £985,350.

This is based on house price inflation of 18.7%, between September 2018 and February 2025, 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 18.7% inflationary increase is applied to the most recent sale price for METREL of £830,000 on 21st September 2018. For the value to have increased from £830,000 to £985,350 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of METREL has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The September 2018 sale price of £830,000 represented a fair market value for the property.
• The size, condition, and specification of METREL has not materially changed since September 2018.

How Large is METREL?

METREL is 226m², which includes two extensions, according to the EPC inspection conducted in December 2013. This puts it in the largest 30% of detached houses houses in Kington Langley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kington Langley, and where METREL lies on this distribution: 68% of detached houses houses are smaller than METREL, and 30% of houses are larger. Note that EPC data is not available for all properties in Kington Langley.

METREL: Plot and Title Map

METREL sits on a plot of roughly 0.249 of an acre, or 1,006m². The below map shows the location of METREL, 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 METREL). 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 METREL?

METREL is located on PARKERS LANE in KINGTON LANGLEY, in the SN15 postcode district. The below map shows the position of METREL on PARKERS LANE.