2, PIERS CLOSE, WARWICK, CV34 5HS - £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.

2 PIERS CLOSE is a large terraced house of 144m², built sometime between 1967 and 1975, which could now be worth an estimated £410,395. It was last sold for £250,000 in March 2014, which was around 28% above the average March 2014 terraced price in the Warwick local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

2 PIERS CLOSE Sold Prices

Land registry data shows two sales for 2 PIERS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Warwick local authority area for the corresponding sale date. Both of the two 2 PIERS 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
2014 28 MAR	£250,000	£195,177	28% above HPI
2004 5 OCT	£177,000	£154,680	14% above HPI

2 PIERS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Warwick local authority area over time, sourced from the HPI. The two 2 PIERS CLOSE sales from October 2004 and March 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 October 2004 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the March 2014 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 2 PIERS CLOSE be worth now?

2 PIERS CLOSE might now be worth an estimated £410,395.

This is based on house price inflation of 64.2%, between March 2014 and May 2026, for terraced houses, in the Warwick local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 64.2% inflationary increase is applied to the most recent sale price for 2 PIERS CLOSE of £250,000 on 28th March 2014. For the value to have increased from £250,000 to £410,395 over the eleven years and ten months to May 2026, the following assumptions must hold true:

• The value of 2 PIERS CLOSE has moved in line with the HPI for terraced houses in the Warwick local authority area.
• The March 2014 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PIERS CLOSE has not materially changed since March 2014.

How Large is 2 PIERS CLOSE?

2 PIERS CLOSE is 144m² according to the EPC inspection conducted in September 2016. This puts it in the largest 30% of terraced houses houses in Warwick, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Warwick, and where 2 PIERS CLOSE lies on this distribution: 72% of terraced houses houses are smaller than 2 PIERS CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Warwick.

2 PIERS CLOSE: Plot and Title Map

2 PIERS CLOSE sits on a plot of roughly 0.040 of an acre, or 161m². The below map shows the location of 2 PIERS 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 PIERS 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 PIERS CLOSE?

2 PIERS CLOSE is located in WARWICK, in the CV34 postcode district. The below map shows the position of No. 2 on PIERS CLOSE.