2, THE SHIPGATE, CHESTER, CH1 1RA - £175,000

2 THE SHIPGATE is a very small detached house of 83m², built sometime between 1991 and 1995. It was last sold for £175,000 in December 2005, which was around 31% below the average December 2005 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

2 THE SHIPGATE Sold Prices

Land registry data shows three sales for 2 THE SHIPGATE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cheshire West and Chester local authority area for the corresponding sale date. All of the three 2 THE SHIPGATE 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
2005 2 DEC	£175,000	£252,976	31% below HPI
1999 27 AUG	£75,000	£114,553	35% below HPI
1998 6 FEB	£70,000	£100,098	30% below HPI

2 THE SHIPGATE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire West and Chester local authority area over time, sourced from the HPI. The three 2 THE SHIPGATE sales between February 1998 and December 2005 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 1999 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the December 2005 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 2 THE SHIPGATE?

2 THE SHIPGATE is 83m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 20% of detached houses in Chester, based on EPC data. The below chart shows the distribution of detached houses by size in Chester, and where 2 THE SHIPGATE lies on this distribution: 19% of detached houses are smaller than 2 THE SHIPGATE, and 80% of houses are larger. Note that EPC data is not available for all properties in Chester.

2 THE SHIPGATE: Plot and Title Map

2 THE SHIPGATE sits on a plot of roughly 0.216 of an acre, or 873m². The below map shows the location of 2 THE SHIPGATE, 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 THE SHIPGATE). 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 THE SHIPGATE?

2 THE SHIPGATE is located in CHESTER, in the CH1 postcode district. The below map shows the position of No. 2 on THE SHIPGATE.