1, ELDER CLOSE, MARFORD, WREXHAM, LL12 8XL - £390,000

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 ELDER CLOSE is a small detached house of 107m², built sometime between 1967 and 1975, which could now be worth an estimated £428,592. It was last sold for £390,000 in July 2023, which was around 34% above the average July 2023 detached price in the Wrexham local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

1 ELDER CLOSE Sold Prices

Land registry data shows two sales for 1 ELDER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wrexham local authority area for the corresponding sale date. Both of the two 1 ELDER CLOSE 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
2023 14 JUL	£390,000	£291,018	34% above HPI
1996 6 NOV	£87,500	£67,314	30% above HPI

1 ELDER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wrexham local authority area over time, sourced from the HPI. The two 1 ELDER CLOSE sales from November 1996 and July 2023 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 1996 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the July 2023 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 1 ELDER CLOSE be worth now?

1 ELDER CLOSE might now be worth an estimated £428,592.

This is based on house price inflation of 9.9%, between July 2023 and May 2026, for detached houses, in the Wrexham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.9% inflationary increase is applied to the most recent sale price for 1 ELDER CLOSE of £390,000 on 14th July 2023. For the value to have increased from £390,000 to £428,592 over the three years and two months to May 2026, the following assumptions must hold true:

• The value of 1 ELDER CLOSE has moved in line with the HPI for detached houses in the Wrexham local authority area.
• The July 2023 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ELDER CLOSE has not materially changed since July 2023.

How Large is 1 ELDER CLOSE?

1 ELDER CLOSE is 107m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 40% of detached houses houses in Gresford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gresford, and where 1 ELDER CLOSE lies on this distribution: 33% of detached houses houses are smaller than 1 ELDER CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Gresford.

1 ELDER CLOSE: Plot and Title Map

1 ELDER CLOSE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 1 ELDER 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 ELDER 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 ELDER CLOSE?

1 ELDER CLOSE is located in MARFORD, in the LL12 postcode district. The below map shows the position of No. 1 on ELDER CLOSE.