5, GROVE CLOSE, KNIGHTON, LD7 1LJ - £315,000

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 GROVE CLOSE is a large extended detached house of 132m², built sometime between 1991 and 1995, which could now be worth an estimated £413,831. It was last sold for £315,000 in April 2019, which was around 28% above the average April 2019 detached price in the Powys local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

5 GROVE CLOSE Sold Prices

Land registry data shows five sales for 5 GROVE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Powys local authority area for the corresponding sale date. Most of the five 5 GROVE 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
2019 17 APR	£315,000	£246,773	28% above HPI
2006 27 MAR	£302,500	£211,132	43% above HPI
2004 10 DEC	£293,000	£188,082	56% above HPI
2002 9 AUG	£175,000	£125,591	39% above HPI
1999 12 NOV	£20,000	£85,197	77% below HPI

5 GROVE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The five 5 GROVE CLOSE sales between November 1999 and April 2019 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 2006 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the April 2019 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 5 GROVE CLOSE be worth now?

5 GROVE CLOSE might now be worth an estimated £413,831.

This is based on house price inflation of 31.4%, between April 2019 and March 2025, for detached houses, in the Powys local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.4% inflationary increase is applied to the most recent sale price for 5 GROVE CLOSE of £315,000 on 17th April 2019. For the value to have increased from £315,000 to £413,831 over the six years and one month to March 2025, the following assumptions must hold true:

• The value of 5 GROVE CLOSE has moved in line with the HPI for detached houses in the Powys local authority area.
• The April 2019 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GROVE CLOSE has not materially changed since April 2019.

How Large is 5 GROVE CLOSE?

5 GROVE CLOSE is 132m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the largest 40% of detached houses houses in Knighton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Knighton, and where 5 GROVE CLOSE lies on this distribution: 64% of detached houses houses are smaller than 5 GROVE CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Knighton.

5 GROVE CLOSE: Plot and Title Map

5 GROVE CLOSE sits on a plot of roughly 0.183 of an acre, or 740m². The below map shows the location of 5 GROVE 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 GROVE 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 GROVE CLOSE?

5 GROVE CLOSE is located in KNIGHTON, in the LD7 postcode district. The below map shows the position of No. 5 on GROVE CLOSE.