2, GRAYS CLOSE, ROYSTON, SG8 5AS - £300,000

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.

2 GRAYS CLOSE is a small extended detached house of 100m², built sometime between 1967 and 1975, which could now be worth an estimated £491,464. It was last sold for £300,000 in August 2014, which was around 39% below the average August 2014 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

2 GRAYS CLOSE Sold Prices

Land registry data shows three sales for 2 GRAYS 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 North Hertfordshire local authority area for the corresponding sale date. All of the three 2 GRAYS 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
2014 11 AUG	£300,000	£493,125	39% below HPI
2001 20 JUL	£124,000	£249,922	50% below HPI
1995 25 AUG	£59,950	£125,929	52% below HPI

2 GRAYS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Hertfordshire local authority area over time, sourced from the HPI. The three 2 GRAYS CLOSE sales between August 1995 and August 2014 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 July 2001 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the August 2014 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 2 GRAYS CLOSE be worth now?

2 GRAYS CLOSE might now be worth an estimated £491,464.

This is based on house price inflation of 63.8%, between August 2014 and April 2026, for detached houses, in the North Hertfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 63.8% inflationary increase is applied to the most recent sale price for 2 GRAYS CLOSE of £300,000 on 11th August 2014. For the value to have increased from £300,000 to £491,464 over the twelve years and four months to April 2026, the following assumptions must hold true:

• The value of 2 GRAYS CLOSE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The August 2014 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GRAYS CLOSE has not materially changed since August 2014.

How Large is 2 GRAYS CLOSE?

2 GRAYS CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 30% of detached houses houses in Royston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Royston, and where 2 GRAYS CLOSE lies on this distribution: 25% of detached houses houses are smaller than 2 GRAYS CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Royston.

2 GRAYS CLOSE: Plot and Title Map

2 GRAYS CLOSE sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 2 GRAYS 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 GRAYS 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 GRAYS CLOSE?

2 GRAYS CLOSE is located in ROYSTON, in the SG8 postcode district. The below map shows the position of No. 2 on GRAYS CLOSE.