7, SPEY CLOSE, QUEDGELEY, GLOUCESTER, GL2 4NW - £182,000

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.

7 SPEY CLOSE is a very small terraced house of 76m², built sometime between 1991 and 1995, which could now be worth an estimated £293,402. It was last sold for £182,000 in December 2015, which was around 39% above the average December 2015 terraced price in the Gloucester local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

7 SPEY CLOSE Sold Prices

Land registry data shows three sales for 7 SPEY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Gloucester local authority area for the corresponding sale date. All of the three 7 SPEY 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
2015 11 DEC	£182,000	£131,355	39% above HPI
2007 20 JUN	£170,000	£129,642	31% above HPI
1999 23 APR	£71,500	£41,685	72% above HPI

7 SPEY CLOSE 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 three 7 SPEY CLOSE sales between April 1999 and December 2015 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 June 2007 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the December 2015 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 7 SPEY CLOSE be worth now?

7 SPEY CLOSE might now be worth an estimated £293,402.

This is based on house price inflation of 61.2%, between December 2015 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 61.2% inflationary increase is applied to the most recent sale price for 7 SPEY CLOSE of £182,000 on 11th December 2015. For the value to have increased from £182,000 to £293,402 over the eleven years and seven months to May 2026, the following assumptions must hold true:

• The value of 7 SPEY CLOSE has moved in line with the HPI for terraced houses in the Gloucester local authority area.
• The December 2015 sale price of £182,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SPEY CLOSE has not materially changed since December 2015.

How Large is 7 SPEY CLOSE?

7 SPEY CLOSE is 76m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 20% of terraced houses houses in Quedgeley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Quedgeley, and where 7 SPEY CLOSE lies on this distribution: 12% of terraced houses houses are smaller than 7 SPEY CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Quedgeley.

7 SPEY CLOSE: Plot and Title Map

7 SPEY CLOSE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 7 SPEY 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 7 SPEY 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 7 SPEY CLOSE?

7 SPEY CLOSE is located in QUEDGELEY, in the GL2 postcode district. The below map shows the position of No. 7 on SPEY CLOSE.