2, COVEY CLOSE, LONDON, SW19 3EB - £395,000

2 COVEY CLOSE is a very small detached house of 57m², built sometime between 1996 and 2002. It was last sold for £395,000 in December 2013, which was around 61% below the average December 2013 detached price in the Merton local authority area. The most recent EPC inspection was December 2008, where the current energy rating was D, and the potential energy rating was C.

2 COVEY CLOSE Sold Prices

Land registry data shows two sales for 2 COVEY 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 Merton local authority area for the corresponding sale date. Both of the two 2 COVEY 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
2013 12 DEC	£395,000	£1,022,610	61% below HPI
1998 7 AUG	£134,950	£312,756	57% below HPI

2 COVEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Merton local authority area over time, sourced from the HPI. The two 2 COVEY CLOSE sales from August 1998 and December 2013 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 August 1998 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the December 2013 sale, where it falls to 61% below the HPI. The line then continues to track at 61% below the HPI.

How Large is 2 COVEY CLOSE?

2 COVEY CLOSE is 57m² according to the EPC inspection conducted in December 2008. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 2 COVEY CLOSE lies on this distribution: 1% of detached houses are smaller than 2 COVEY CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in London.

2 COVEY CLOSE: Plot and Title Map

2 COVEY CLOSE sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 2 COVEY 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 2 COVEY 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 2 COVEY CLOSE?

2 COVEY CLOSE is located in LONDON, in the SW19 postcode district. The below map shows the position of No. 2 on COVEY CLOSE.