10, CHERRY TREE CLOSE, NAILSWORTH, STROUD, GL6 0DX - £330,000

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.

10 CHERRY TREE CLOSE is a midsized detached house of 132m², built sometime between 1976 and 1982, which could now be worth an estimated £443,103. It was last sold for £330,000 in May 2017, which was around 20% below the average May 2017 detached price in the Stroud local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

10 CHERRY TREE CLOSE Sold Prices

Land registry data shows two sales for 10 CHERRY TREE 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 10 CHERRY TREE 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 23 MAY	£330,000	£410,757	20% below HPI
2003 3 OCT	£249,500	£264,622	6% below HPI

10 CHERRY TREE 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 10 CHERRY TREE CLOSE sales from October 2003 and May 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 October 2003 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2017 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 10 CHERRY TREE CLOSE be worth now?

10 CHERRY TREE CLOSE might now be worth an estimated £443,103.

This is based on house price inflation of 34.3%, between May 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 34.3% inflationary increase is applied to the most recent sale price for 10 CHERRY TREE CLOSE of £330,000 on 23rd May 2017. For the value to have increased from £330,000 to £443,103 over the nine years to May 2026, the following assumptions must hold true:

• The value of 10 CHERRY TREE CLOSE has moved in line with the HPI for detached houses in the Stroud local authority area.
• The May 2017 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 10 CHERRY TREE CLOSE has not materially changed since May 2017.

How Large is 10 CHERRY TREE CLOSE?

10 CHERRY TREE CLOSE is 132m² according to the EPC inspection conducted in June 2015. This puts it in the largest 50% of detached houses in Nailsworth, based on EPC data. The below chart shows the distribution of detached houses by size in Nailsworth, and where 10 CHERRY TREE CLOSE lies on this distribution: 52% of detached houses are smaller than 10 CHERRY TREE CLOSE, and 47% of detached houses are larger. Note that EPC data is not available for all properties in Nailsworth.

Where is 10 CHERRY TREE CLOSE?

10 CHERRY TREE CLOSE is located in NAILSWORTH, in the GL6 postcode district.