OLD BAKERY, TWO MILE LANE, HIGHNAM, GLOUCESTER, GL2 8DW - £850,000

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.

OLD BAKERY is a very large extended semi-detached house of 302m², built sometime before 1900, which could now be worth an estimated £896,973. It was last sold for £850,000 in August 2022, which was around 187% above the average August 2022 semi-detached price in the Tewkesbury local authority area. The most recent EPC inspection was December 2013, where the current energy rating was C, and the potential energy rating was C.

OLD BAKERY Sold Prices

Land registry data shows three sales for OLD BAKERY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Tewkesbury local authority area for the corresponding sale date. All of the three OLD BAKERY 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 18 AUG	£850,000	£295,805	187% above HPI
2004 21 JUN	£397,500	£157,525	152% above HPI
2003 4 DEC	£305,000	£144,452	111% above HPI

OLD BAKERY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Tewkesbury local authority area over time, sourced from the HPI. The three OLD BAKERY sales between December 2003 and August 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 June 2004 sale was for 152% above the HPI. So the extrapolation line tracks at 152% above the HPI over time, until the August 2022 sale, where it rises to 187% above the HPI. The line then continues to track at 187% above the HPI.

What might OLD BAKERY be worth now?

OLD BAKERY might now be worth an estimated £896,973.

This is based on house price inflation of 5.5%, between August 2022 and February 2025, for semi-detached houses, in the Tewkesbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.5% inflationary increase is applied to the most recent sale price for OLD BAKERY of £850,000 on 18th August 2022. For the value to have increased from £850,000 to £896,973 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of OLD BAKERY has moved in line with the HPI for semi-detached houses in the Tewkesbury local authority area.
• The August 2022 sale price of £850,000 represented a fair market value for the property.
• The size, condition, and specification of OLD BAKERY has not materially changed since August 2022.

How Large is OLD BAKERY?

OLD BAKERY is 302m², which includes four extensions, according to the EPC inspection conducted in December 2013. This puts it in the largest 10% of semi-detached houses houses in Highnam, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Highnam, and where OLD BAKERY lies on this distribution: More than 99% of semi-detached houses houses are smaller than OLD BAKERY, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Highnam.

OLD BAKERY: Plot and Title Map

OLD BAKERY sits on a plot of roughly 0.682 of an acre, or 2,758m². The below map shows the location of OLD BAKERY, 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 OLD BAKERY). 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 OLD BAKERY?

OLD BAKERY is located on TWO MILE LANE in HIGHNAM, in the GL2 postcode district. The below map shows the position of OLD BAKERY on TWO MILE LANE.