3, RICHARDS CLOSE, WELLINGTON, TA21 0BD - £142,500

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 RICHARDS CLOSE is a small extended terraced house of 87m², built sometime between 1976 and 1982, which could now be worth an estimated £230,683. It was last sold for £142,500 in February 2010, which was around 1% below the average February 2010 terraced price in the Somerset local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was D.

3 RICHARDS CLOSE Sold Prices

Land registry data shows two sales for 3 RICHARDS 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 Somerset local authority area for the corresponding sale date. Both of the two 3 RICHARDS 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
2010 26 FEB	£142,500	£143,579	1% below HPI
1999 19 MAR	£48,300	£50,239	4% below HPI

3 RICHARDS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Somerset local authority area over time, sourced from the HPI. The two 3 RICHARDS CLOSE sales from March 1999 and February 2010 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 March 1999 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2010 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 3 RICHARDS CLOSE be worth now?

3 RICHARDS CLOSE might now be worth an estimated £230,683.

This is based on house price inflation of 61.9%, between February 2010 and May 2026, for terraced houses, in the Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 61.9% inflationary increase is applied to the most recent sale price for 3 RICHARDS CLOSE of £142,500 on 26th February 2010. For the value to have increased from £142,500 to £230,683 over the fifteen years and nine months to May 2026, the following assumptions must hold true:

• The value of 3 RICHARDS CLOSE has moved in line with the HPI for terraced houses in the Somerset local authority area.
• The February 2010 sale price of £142,500 represented a fair market value for the property.
• The size, condition, and specification of 3 RICHARDS CLOSE has not materially changed since February 2010.

How Large is 3 RICHARDS CLOSE?

3 RICHARDS CLOSE is 87m², which includes one extension, according to the EPC inspection conducted in April 2009. This puts it in the smallest 30% of terraced houses houses in Wellington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wellington, and where 3 RICHARDS CLOSE lies on this distribution: 21% of terraced houses houses are smaller than 3 RICHARDS CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Wellington.

3 RICHARDS CLOSE: Plot and Title Map

3 RICHARDS CLOSE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 3 RICHARDS 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 RICHARDS 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 RICHARDS CLOSE?

3 RICHARDS CLOSE is located in WELLINGTON, in the TA21 postcode district. The below map shows the position of No. 3 on RICHARDS CLOSE.