47, RICHARDS CLOSE, WELLINGTON, TA21 0BD - £154,950

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.

47 RICHARDS CLOSE is a very small extended semi-detached house of 55m², built sometime between 1976 and 1982, which could now be worth an estimated £247,486. It was last sold for £154,950 in May 2014, which was around 14% below the average May 2014 semi-detached price in the Somerset local authority area. The most recent EPC inspection was June 2013, where the current energy rating was F, and the potential energy rating was C.

47 RICHARDS CLOSE Sold Prices

Land registry data shows four sales for 47 RICHARDS 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 Somerset local authority area for the corresponding sale date. All of the four 47 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
2014 16 MAY	£154,950	£180,546	14% below HPI
2007 15 OCT	£161,000	£190,257	15% below HPI
2002 21 JUN	£98,500	£105,527	7% below HPI
1998 27 OCT	£55,950	£62,858	11% below HPI

47 RICHARDS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Somerset local authority area over time, sourced from the HPI. The four 47 RICHARDS CLOSE sales between October 1998 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 October 2007 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2014 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 47 RICHARDS CLOSE be worth now?

47 RICHARDS CLOSE might now be worth an estimated £247,486.

This is based on house price inflation of 59.7%, between May 2014 and May 2026, for semi-detached 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 59.7% inflationary increase is applied to the most recent sale price for 47 RICHARDS CLOSE of £154,950 on 16th May 2014. For the value to have increased from £154,950 to £247,486 over the twelve years to May 2026, the following assumptions must hold true:

• The value of 47 RICHARDS CLOSE has moved in line with the HPI for semi-detached houses in the Somerset local authority area.
• The May 2014 sale price of £154,950 represented a fair market value for the property.
• The size, condition, and specification of 47 RICHARDS CLOSE has not materially changed since May 2014.

How Large is 47 RICHARDS CLOSE?

47 RICHARDS CLOSE is 55m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the smallest 10% of semi-detached houses houses in Wellington, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wellington, and where 47 RICHARDS CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 47 RICHARDS CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Wellington.

47 RICHARDS CLOSE: Plot and Title Map

47 RICHARDS CLOSE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 47 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 47 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 47 RICHARDS CLOSE?

47 RICHARDS CLOSE is located in WELLINGTON, in the TA21 postcode district. The below map shows the position of No. 47 on RICHARDS CLOSE.