5, GIBBS CLOSE, BISHOPDOWN, SALISBURY, SP1 3WB - £450,000

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.

5 GIBBS CLOSE is a large extended detached house of 142m², built sometime between 2003 and 2006, which could now be worth an estimated £526,093. It was last sold for £450,000 in October 2020, which was around 1% above the average October 2020 detached price in the Wiltshire local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

5 GIBBS CLOSE Sold Prices

Land registry data shows two sales for 5 GIBBS CLOSE 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 5 GIBBS 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 OCT	£450,000	£446,298	1% above HPI
1998 27 MAR	£159,950	£124,558	28% above HPI

5 GIBBS CLOSE 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 5 GIBBS CLOSE sales from March 1998 and October 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 March 1998 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the October 2020 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 5 GIBBS CLOSE be worth now?

5 GIBBS CLOSE might now be worth an estimated £526,093.

This is based on house price inflation of 16.9%, between October 2020 and March 2025, for detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.9% inflationary increase is applied to the most recent sale price for 5 GIBBS CLOSE of £450,000 on 29th October 2020. For the value to have increased from £450,000 to £526,093 over the five years and seven months to March 2025, the following assumptions must hold true:

• The value of 5 GIBBS CLOSE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The October 2020 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GIBBS CLOSE has not materially changed since October 2020.

How Large is 5 GIBBS CLOSE?

5 GIBBS CLOSE is 142m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 30% of detached houses houses in Salisbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Salisbury, and where 5 GIBBS CLOSE lies on this distribution: 71% of detached houses houses are smaller than 5 GIBBS CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Salisbury.

5 GIBBS CLOSE: Plot and Title Map

5 GIBBS CLOSE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 5 GIBBS 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 5 GIBBS 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 5 GIBBS CLOSE?

5 GIBBS CLOSE is located in BISHOPDOWN, in the SP1 postcode district. The below map shows the position of No. 5 on GIBBS CLOSE.