3, THE CLOSE, LLANISHEN, CARDIFF, CF14 5NG - £265,500

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 THE CLOSE is a midsized detached house of 131m², built sometime between 1950 and 1966, which could now be worth an estimated £436,304. It was last sold for £265,500 in May 2014, which was around 16% below the average May 2014 detached price in the Cardiff local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was A.

3 THE CLOSE Sold Prices

Land registry data shows four sales for 3 THE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cardiff local authority area for the corresponding sale date. Most of the four 3 THE 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
2014 16 MAY	£265,500	£317,005	16% below HPI
2014 14 FEB	£290,000	£309,061	6% below HPI
2002 18 JUN	£217,000	£178,643	21% above HPI
1996 28 AUG	£94,000	£99,167	5% below HPI

3 THE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cardiff local authority area over time, sourced from the HPI. The four 3 THE CLOSE sales between August 1996 and May 2014 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 February 2014 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2014 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 THE CLOSE be worth now?

3 THE CLOSE might now be worth an estimated £436,304.

This is based on house price inflation of 64.3%, between May 2014 and May 2026, for detached houses, in the Cardiff local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 64.3% inflationary increase is applied to the most recent sale price for 3 THE CLOSE of £265,500 on 16th May 2014. For the value to have increased from £265,500 to £436,304 over the twelve years to May 2026, the following assumptions must hold true:

• The value of 3 THE CLOSE has moved in line with the HPI for detached houses in the Cardiff local authority area.
• The May 2014 sale price of £265,500 represented a fair market value for the property.
• The size, condition, and specification of 3 THE CLOSE has not materially changed since May 2014.

How Large is 3 THE CLOSE?

3 THE CLOSE is 131m² according to the EPC inspection conducted in February 2015. This puts it in the largest 40% of detached houses houses in Cardiff, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cardiff, and where 3 THE CLOSE lies on this distribution: 60% of detached houses houses are smaller than 3 THE CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Cardiff.

3 THE CLOSE: Plot and Title Map

3 THE CLOSE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 3 THE 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 THE 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 THE CLOSE?

3 THE CLOSE is located in LLANISHEN, in the CF14 postcode district. The below map shows the position of No. 3 on THE CLOSE.