7, MERCURY WAY, ABBEYMEAD, GLOUCESTER, GL4 5LB - £255,000

7 MERCURY WAY is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £255,000 in September 2020, which was around 27% below the average September 2020 detached price in the Gloucester local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

7 MERCURY WAY Sold Prices

Land registry data shows two sales for 7 MERCURY WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gloucester local authority area for the corresponding sale date. Both of the two 7 MERCURY WAY sales were for below 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 18 SEP	£255,000	£347,695	27% below HPI
2015 22 MAY	£206,000	£264,012	22% below HPI

7 MERCURY WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gloucester local authority area over time, sourced from the HPI. The two 7 MERCURY WAY sales from May 2015 and September 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 May 2015 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the September 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 7 MERCURY WAY?

7 MERCURY WAY is 70m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 10% of detached houses in Gloucester, based on EPC data. The below chart shows the distribution of detached houses by size in Gloucester, and where 7 MERCURY WAY lies on this distribution: 6% of detached houses are smaller than 7 MERCURY WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Gloucester.

7 MERCURY WAY: Plot and Title Map

7 MERCURY WAY sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 7 MERCURY 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 7 MERCURY 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 7 MERCURY WAY?

7 MERCURY WAY is located in ABBEYMEAD, in the GL4 postcode district. The below map shows the position of No. 7 on MERCURY WAY.