6, THE ELMS, LONGLEVENS, GLOUCESTER, GL2 0BS - £240,000

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.

6 THE ELMS is a very small extended terraced house of 77m², built sometime between 2003 and 2006, which could now be worth an estimated £273,173. It was last sold for £240,000 in February 2022, which was around 29% above the average February 2022 terraced price in the Gloucester local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

6 THE ELMS Sold Prices

Land registry data shows two sales for 6 THE ELMS 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 6 THE ELMS 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
2022 21 FEB	£240,000	£186,042	29% above HPI
2007 30 APR	£195,000	£126,374	54% above HPI

6 THE ELMS 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 6 THE ELMS sales from April 2007 and February 2022 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 April 2007 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the February 2022 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 6 THE ELMS be worth now?

6 THE ELMS might now be worth an estimated £273,173.

This is based on house price inflation of 13.8%, between February 2022 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 13.8% inflationary increase is applied to the most recent sale price for 6 THE ELMS of £240,000 on 21st February 2022. For the value to have increased from £240,000 to £273,173 over the three years and nine months to May 2026, the following assumptions must hold true:

• The value of 6 THE ELMS has moved in line with the HPI for terraced houses in the Gloucester local authority area.
• The February 2022 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 6 THE ELMS has not materially changed since February 2022.

How Large is 6 THE ELMS?

6 THE ELMS is 77m², which includes one extension, according to the EPC inspection conducted in May 2021. 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 6 THE ELMS lies on this distribution: 9% of terraced houses houses are smaller than 6 THE ELMS, and 90% of houses are larger. Note that EPC data is not available for all properties in Gloucester.

6 THE ELMS: Plot and Title Map

6 THE ELMS sits on a plot of roughly 0.025 of an acre, or 101m². The below map shows the location of 6 THE ELMS, 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 6 THE ELMS). 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 6 THE ELMS?

6 THE ELMS is located in LONGLEVENS, in the GL2 postcode district. The below map shows the position of No. 6 on THE ELMS.