24, PENNY CLOSE, LONGLEVENS, GLOUCESTER, GL2 0NP - £293,500

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.

24 PENNY CLOSE is a very small extended semi-detached house of 65m², built sometime between 1983 and 1990, which could now be worth an estimated £368,770. It was last sold for £293,500 in December 2020, which was around 32% above the average December 2020 semi-detached price in the Gloucester local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

24 PENNY CLOSE Sold Prices

Land registry data shows three sales for 24 PENNY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Gloucester local authority area for the corresponding sale date. All of the three 24 PENNY 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 4 DEC	£293,500	£221,691	32% above HPI
2014 25 JUL	£183,800	£156,773	17% above HPI
2000 26 JUN	£87,000	£70,436	24% above HPI

24 PENNY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Gloucester local authority area over time, sourced from the HPI. The three 24 PENNY CLOSE sales between June 2000 and December 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 July 2014 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the December 2020 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 24 PENNY CLOSE be worth now?

24 PENNY CLOSE might now be worth an estimated £368,770.

This is based on house price inflation of 25.6%, between December 2020 and April 2026, for semi-detached houses, in the Gloucester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.6% inflationary increase is applied to the most recent sale price for 24 PENNY CLOSE of £293,500 on 4th December 2020. For the value to have increased from £293,500 to £368,770 over the six years and eight months to April 2026, the following assumptions must hold true:

• The value of 24 PENNY CLOSE has moved in line with the HPI for semi-detached houses in the Gloucester local authority area.
• The December 2020 sale price of £293,500 represented a fair market value for the property.
• The size, condition, and specification of 24 PENNY CLOSE has not materially changed since December 2020.

How Large is 24 PENNY CLOSE?

24 PENNY CLOSE is 65m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of semi-detached houses houses in Gloucester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gloucester, and where 24 PENNY CLOSE lies on this distribution: 4% of semi-detached houses houses are smaller than 24 PENNY CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Gloucester.

24 PENNY CLOSE: Plot and Title Map

24 PENNY CLOSE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 24 PENNY 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 24 PENNY 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 24 PENNY CLOSE?

24 PENNY CLOSE is located in LONGLEVENS, in the GL2 postcode district. The below map shows the position of No. 24 on PENNY CLOSE.