1, BRIGHT CLOSE, CHIPPENHAM, SN15 3PU - £400,000

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.

1 BRIGHT CLOSE is a midsized extended detached house of 107m², built sometime between 1983 and 1990, which could now be worth an estimated £410,777. It was last sold for £400,000 in June 2022, which was around 20% below the average June 2022 detached price in the Wiltshire local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

1 BRIGHT CLOSE Sold Prices

Land registry data shows three sales for 1 BRIGHT CLOSE 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 1 BRIGHT 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
2022 27 JUN	£400,000	£499,260	20% below HPI
2018 25 MAY	£287,500	£432,823	34% below HPI
2014 1 OCT	£232,000	£354,598	35% below HPI

1 BRIGHT 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 three 1 BRIGHT CLOSE sales between October 2014 and June 2022 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 May 2018 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the June 2022 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 1 BRIGHT CLOSE be worth now?

1 BRIGHT CLOSE might now be worth an estimated £410,777.

This is based on house price inflation of 2.7%, between June 2022 and June 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 2.7% inflationary increase is applied to the most recent sale price for 1 BRIGHT CLOSE of £400,000 on 27th June 2022. For the value to have increased from £400,000 to £410,777 over the three years to June 2025, the following assumptions must hold true:

• The value of 1 BRIGHT CLOSE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The June 2022 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 1 BRIGHT CLOSE has not materially changed since June 2022.

How Large is 1 BRIGHT CLOSE?

1 BRIGHT CLOSE is 107m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the smallest 50% 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 1 BRIGHT CLOSE lies on this distribution: 42% of detached houses houses are smaller than 1 BRIGHT CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Chippenham.

1 BRIGHT CLOSE: Plot and Title Map

1 BRIGHT CLOSE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 1 BRIGHT 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 1 BRIGHT 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 1 BRIGHT CLOSE?

1 BRIGHT CLOSE is located in CHIPPENHAM, in the SN15 postcode district. The below map shows the position of No. 1 on BRIGHT CLOSE.