NEWLEAZE, CHAVENAGE LANE, TETBURY, GL8 8JT - £325,000

NEWLEAZE is a very small detached house of 89m², built sometime between 1967 and 1975. It was last sold for £325,000 in September 2011, which was around 21% below the average September 2011 detached price in the Cotswold local authority area. The most recent EPC inspection was May 2014, where the current energy rating was B, and the potential energy rating was A.

NEWLEAZE Sold Prices

Land registry data shows two sales for NEWLEAZE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cotswold local authority area for the corresponding sale date. Both of the two NEWLEAZE 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
2011 30 SEP	£325,000	£410,431	21% below HPI
2010 2 FEB	£275,000	£404,662	32% below HPI

NEWLEAZE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cotswold local authority area over time, sourced from the HPI. The two NEWLEAZE sales from February 2010 and September 2011 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 February 2010 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the September 2011 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is NEWLEAZE?

NEWLEAZE is 89m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses in Tetbury, based on EPC data. The below chart shows the distribution of detached houses by size in Tetbury, and where NEWLEAZE lies on this distribution: 15% of detached houses are smaller than NEWLEAZE, and 84% of houses are larger. Note that EPC data is not available for all properties in Tetbury.

NEWLEAZE: Plot and Title Map

NEWLEAZE sits on a plot of roughly 0.248 of an acre, or 1,005m². The below map shows the location of NEWLEAZE, 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 NEWLEAZE). 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 NEWLEAZE?

NEWLEAZE is located on CHAVENAGE LANE in TETBURY, in the GL8 postcode district. The below map shows the position of NEWLEAZE on CHAVENAGE LANE.