3, CHAUCER CLOSE, PENARTH, CF64 2ST - £395,000

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.

3 CHAUCER CLOSE is a very small semi-detached house of 99m², built sometime between 1930 and 1949, which could now be worth an estimated £514,106. It was last sold for £395,000 in June 2020, which was around 72% above the average June 2020 semi-detached price in the Vale of Glamorgan local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

3 CHAUCER CLOSE Sold Prices

Land registry data shows four sales for 3 CHAUCER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Vale of Glamorgan local authority area for the corresponding sale date. All of the four 3 CHAUCER 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 29 JUN	£395,000	£229,424	72% above HPI
2016 22 DEC	£310,000	£206,682	50% above HPI
2015 4 NOV	£290,000	£200,394	45% above HPI
2004 11 NOV	£228,000	£160,780	42% above HPI

3 CHAUCER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Vale of Glamorgan local authority area over time, sourced from the HPI. The four 3 CHAUCER CLOSE sales between November 2004 and June 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 December 2016 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the June 2020 sale, where it rises to 72% above the HPI. The line then continues to track at 72% above the HPI.

What might 3 CHAUCER CLOSE be worth now?

3 CHAUCER CLOSE might now be worth an estimated £514,106.

This is based on house price inflation of 30.2%, between June 2020 and June 2025, for semi-detached houses, in the Vale of Glamorgan local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.2% inflationary increase is applied to the most recent sale price for 3 CHAUCER CLOSE of £395,000 on 29th June 2020. For the value to have increased from £395,000 to £514,106 over the five years to June 2025, the following assumptions must hold true:

• The value of 3 CHAUCER CLOSE has moved in line with the HPI for semi-detached houses in the Vale of Glamorgan local authority area.
• The June 2020 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHAUCER CLOSE has not materially changed since June 2020.

How Large is 3 CHAUCER CLOSE?

3 CHAUCER CLOSE is 99m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 20% of semi-detached houses houses in Penarth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Penarth, and where 3 CHAUCER CLOSE lies on this distribution: 19% of semi-detached houses houses are smaller than 3 CHAUCER CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Penarth.

3 CHAUCER CLOSE: Plot and Title Map

3 CHAUCER CLOSE sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 3 CHAUCER 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 3 CHAUCER 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 3 CHAUCER CLOSE?

3 CHAUCER CLOSE is located in PENARTH, in the CF64 postcode district. The below map shows the position of No. 3 on CHAUCER CLOSE.