2, MARTIN CLOSE, PATCHWAY, BRISTOL, BS34 5RP - £234,000

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 MARTIN CLOSE is a very small semi-detached house of 77m², built sometime between 1976 and 1982, which could now be worth an estimated £290,638. It was last sold for £234,000 in November 2020, which was around 22% below the average November 2020 semi-detached price in the South Gloucestershire local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

2 MARTIN CLOSE Sold Prices

Land registry data shows three sales for 2 MARTIN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the South Gloucestershire local authority area for the corresponding sale date. All of the three 2 MARTIN 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
2020 24 NOV	£234,000	£301,514	22% below HPI
2018 26 OCT	£220,000	£287,927	24% below HPI
2013 31 MAY	£162,000	£192,576	16% below HPI

2 MARTIN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Gloucestershire local authority area over time, sourced from the HPI. The three 2 MARTIN CLOSE sales between May 2013 and November 2020 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 October 2018 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2020 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2 MARTIN CLOSE be worth now?

2 MARTIN CLOSE might now be worth an estimated £290,638.

This is based on house price inflation of 24.2%, between November 2020 and February 2025, for semi-detached houses, in the South Gloucestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.2% inflationary increase is applied to the most recent sale price for 2 MARTIN CLOSE of £234,000 on 24th November 2020. For the value to have increased from £234,000 to £290,638 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 MARTIN CLOSE has moved in line with the HPI for semi-detached houses in the South Gloucestershire local authority area.
• The November 2020 sale price of £234,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MARTIN CLOSE has not materially changed since November 2020.

How Large is 2 MARTIN CLOSE?

2 MARTIN CLOSE is 77m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 20% of semi-detached houses houses in Patchway, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Patchway, and where 2 MARTIN CLOSE lies on this distribution: 11% of semi-detached houses houses are smaller than 2 MARTIN CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Patchway.

2 MARTIN CLOSE: Plot and Title Map

2 MARTIN CLOSE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 2 MARTIN 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 MARTIN 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 MARTIN CLOSE?

2 MARTIN CLOSE is located in PATCHWAY, in the BS34 postcode district. The below map shows the position of No. 2 on MARTIN CLOSE.