12, NEW CLOSE, BOURTON, GILLINGHAM, SP8 5DL - £250,000

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.

12 NEW CLOSE is a very small terraced house of 86m², built sometime between 1976 and 1982, which could now be worth an estimated £307,470. It was last sold for £250,000 in February 2018, which was around 16% above the average February 2018 terraced price in the Dorset local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

12 NEW CLOSE Sold Prices

Land registry data shows three sales for 12 NEW CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Dorset local authority area for the corresponding sale date. Two of the three 12 NEW CLOSE sales were for above the average price, whilst one was 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
2018 23 FEB	£250,000	£215,801	16% above HPI
2005 24 MAY	£140,000	£154,887	10% below HPI
2002 1 NOV	£118,000	£114,796	3% above HPI

12 NEW CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Dorset local authority area over time, sourced from the HPI. The three 12 NEW CLOSE sales between November 2002 and February 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 May 2005 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the February 2018 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 12 NEW CLOSE be worth now?

12 NEW CLOSE might now be worth an estimated £307,470.

This is based on house price inflation of 23%, between February 2018 and April 2026, for terraced houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23% inflationary increase is applied to the most recent sale price for 12 NEW CLOSE of £250,000 on 23rd February 2018. For the value to have increased from £250,000 to £307,470 over the seven years and ten months to April 2026, the following assumptions must hold true:

• The value of 12 NEW CLOSE has moved in line with the HPI for terraced houses in the Dorset local authority area.
• The February 2018 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 12 NEW CLOSE has not materially changed since February 2018.

How Large is 12 NEW CLOSE?

12 NEW CLOSE is 86m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% of terraced houses houses in Bourton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bourton, and where 12 NEW CLOSE lies on this distribution: 5% of terraced houses houses are smaller than 12 NEW CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Bourton.

12 NEW CLOSE: Plot and Title Map

12 NEW CLOSE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 12 NEW 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 12 NEW 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 12 NEW CLOSE?

12 NEW CLOSE is located in BOURTON, in the SP8 postcode district. The below map shows the position of No. 12 on NEW CLOSE.