5, DRYDOCK WAY, HEMPSTED, GLOUCESTER, GL2 5FX - £165,000

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 DRYDOCK WAY is a very small terraced house of 56m², built in 2007, which could now be worth an estimated £224,782. It was last sold for £165,000 in November 2018, which was around 6% above the average November 2018 terraced price in the Gloucester local authority area. The most recent EPC inspection was August 2009, where the current energy rating was B, and the potential energy rating was B.

5 DRYDOCK WAY Sold Prices

Land registry data shows two sales for 5 DRYDOCK WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Gloucester local authority area for the corresponding sale date. Both of the two 5 DRYDOCK WAY 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
2018 23 NOV	£165,000	£155,439	6% above HPI
2009 14 DEC	£110,000	£102,748	7% above HPI

5 DRYDOCK WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Gloucester local authority area over time, sourced from the HPI. The two 5 DRYDOCK WAY sales from December 2009 and November 2018 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 December 2009 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the November 2018 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 5 DRYDOCK WAY be worth now?

5 DRYDOCK WAY might now be worth an estimated £224,782.

This is based on house price inflation of 36.2%, between November 2018 and May 2026, for terraced 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 36.2% inflationary increase is applied to the most recent sale price for 5 DRYDOCK WAY of £165,000 on 23rd November 2018. For the value to have increased from £165,000 to £224,782 over the eight years and six months to May 2026, the following assumptions must hold true:

• The value of 5 DRYDOCK WAY has moved in line with the HPI for terraced houses in the Gloucester local authority area.
• The November 2018 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 5 DRYDOCK WAY has not materially changed since November 2018.

How Large is 5 DRYDOCK WAY?

5 DRYDOCK WAY is 56m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 10% of terraced houses houses in Gloucester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gloucester, and where 5 DRYDOCK WAY lies on this distribution: 1% of terraced houses houses are smaller than 5 DRYDOCK WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Gloucester.

5 DRYDOCK WAY: Plot and Title Map

5 DRYDOCK WAY sits on a plot of roughly 0.207 of an acre, or 838m². The below map shows the location of 5 DRYDOCK WAY, 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 DRYDOCK WAY). 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 DRYDOCK WAY?

5 DRYDOCK WAY is located in HEMPSTED, in the GL2 postcode district. The below map shows the position of No. 5 on DRYDOCK WAY.