2, RAVEL CLOSE, STAMFORD, PE9 1EZ - £215,000

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 RAVEL CLOSE is a very small terraced house of 73m², built sometime between 1996 and 2002, which could now be worth an estimated £281,260. It was last sold for £215,000 in February 2020, which was around 46% above the average February 2020 terraced price in the South Kesteven local authority area. The most recent EPC inspection was November 2009, where the current energy rating was B, and the potential energy rating was B.

2 RAVEL CLOSE Sold Prices

Land registry data shows four sales for 2 RAVEL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the South Kesteven local authority area for the corresponding sale date. All of the four 2 RAVEL 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
2020 14 FEB	£215,000	£147,368	46% above HPI
2010 10 SEP	£170,000	£111,224	53% above HPI
2004 17 DEC	£174,995	£107,261	63% above HPI
2003 28 NOV	£159,950	£85,087	88% above HPI

2 RAVEL CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Kesteven local authority area over time, sourced from the HPI. The four 2 RAVEL CLOSE sales between November 2003 and February 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 September 2010 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the February 2020 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 2 RAVEL CLOSE be worth now?

2 RAVEL CLOSE might now be worth an estimated £281,260.

This is based on house price inflation of 30.8%, between February 2020 and July 2025, for terraced houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.8% inflationary increase is applied to the most recent sale price for 2 RAVEL CLOSE of £215,000 on 14th February 2020. For the value to have increased from £215,000 to £281,260 over the four years and seven months to July 2025, the following assumptions must hold true:

• The value of 2 RAVEL CLOSE has moved in line with the HPI for terraced houses in the South Kesteven local authority area.
• The February 2020 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RAVEL CLOSE has not materially changed since February 2020.

How Large is 2 RAVEL CLOSE?

2 RAVEL CLOSE is 73m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 10% of terraced houses houses in Stamford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Stamford, and where 2 RAVEL CLOSE lies on this distribution: 8% of terraced houses houses are smaller than 2 RAVEL CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Stamford.

2 RAVEL CLOSE: Plot and Title Map

2 RAVEL CLOSE sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of 2 RAVEL 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 RAVEL 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 RAVEL CLOSE?

2 RAVEL CLOSE is located in STAMFORD, in the PE9 postcode district. The below map shows the position of No. 2 on RAVEL CLOSE.