3, RICHARDS WAY, SALISBURY, SP2 8NT - £316,000

3 RICHARDS WAY is a small extended detached house of 91m², built sometime between 1976 and 1982. It was last sold for £316,000 in May 2017, which was around 20% below the average May 2017 detached price in the Wiltshire local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

3 RICHARDS WAY Sold Prices

Land registry data shows two sales for 3 RICHARDS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. Both of the two 3 RICHARDS WAY 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
2017 19 MAY	£316,000	£392,694	20% below HPI
2009 11 DEC	£227,500	£298,089	24% below HPI

3 RICHARDS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The two 3 RICHARDS WAY sales from December 2009 and May 2017 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 2009 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2017 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 3 RICHARDS WAY?

3 RICHARDS WAY is 91m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 30% of detached houses in Salisbury, based on EPC data. The below chart shows the distribution of detached houses by size in Salisbury, and where 3 RICHARDS WAY lies on this distribution: 21% of detached houses are smaller than 3 RICHARDS WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Salisbury.

3 RICHARDS WAY: Plot and Title Map

3 RICHARDS WAY sits on a plot of roughly 0.050 of an acre, or 202m². The below map shows the location of 3 RICHARDS WAY, 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 WAY). 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 WAY?

3 RICHARDS WAY is located in SALISBURY, in the SP2 postcode district. The below map shows the position of No. 3 on RICHARDS WAY.