8, SHEPHERDS CLOSE, STROUD, GL5 1RZ - £245,000

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.

8 SHEPHERDS CLOSE is a very small extended detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £305,135. It was last sold for £245,000 in August 2017, which was around 45% below the average August 2017 detached price in the Stroud local authority area. The most recent EPC inspection was April 2017, where the current energy rating was E, and the potential energy rating was B.

8 SHEPHERDS CLOSE Sold Prices

Land registry data shows two sales for 8 SHEPHERDS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Stroud local authority area for the corresponding sale date. Both of the two 8 SHEPHERDS CLOSE 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
2017 8 AUG	£245,000	£442,843	45% below HPI
2006 23 NOV	£189,950	£319,042	40% below HPI

8 SHEPHERDS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stroud local authority area over time, sourced from the HPI. The two 8 SHEPHERDS CLOSE sales from November 2006 and August 2017 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 November 2006 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the August 2017 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 8 SHEPHERDS CLOSE be worth now?

8 SHEPHERDS CLOSE might now be worth an estimated £305,135.

This is based on house price inflation of 24.5%, between August 2017 and May 2026, for detached houses, in the Stroud local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.5% inflationary increase is applied to the most recent sale price for 8 SHEPHERDS CLOSE of £245,000 on 8th August 2017. For the value to have increased from £245,000 to £305,135 over the nine years and three months to May 2026, the following assumptions must hold true:

• The value of 8 SHEPHERDS CLOSE has moved in line with the HPI for detached houses in the Stroud local authority area.
• The August 2017 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SHEPHERDS CLOSE has not materially changed since August 2017.

How Large is 8 SHEPHERDS CLOSE?

8 SHEPHERDS CLOSE is 74m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the smallest 20% of detached houses houses in Stroud, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stroud, and where 8 SHEPHERDS CLOSE lies on this distribution: 14% of detached houses houses are smaller than 8 SHEPHERDS CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Stroud.

8 SHEPHERDS CLOSE: Plot and Title Map

8 SHEPHERDS CLOSE sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 8 SHEPHERDS 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 8 SHEPHERDS 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 8 SHEPHERDS CLOSE?

8 SHEPHERDS CLOSE is located in STROUD, in the GL5 postcode district. The below map shows the position of No. 8 on SHEPHERDS CLOSE.