17, THE FORGE, HEMPSTED, GLOUCESTER, GL2 5GH - £190,000

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.

17 THE FORGE is a small flat of 51m², built sometime between 2007 and 2011, which could now be worth an estimated £186,464. It was last sold for £190,000 in October 2022, which was around 39% above the average October 2022 flat price in the Gloucester local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was C.

17 THE FORGE Sold Prices

Land registry data shows three sales for 17 THE FORGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Gloucester local authority area for the corresponding sale date. All of the three 17 THE FORGE 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 4 OCT	£190,000	£136,680	39% above HPI
2016 30 SEP	£135,000	£103,551	30% above HPI
2007 21 DEC	£136,000	£104,296	30% above HPI

What might 17 THE FORGE be worth now?

17 THE FORGE might now be worth an estimated £186,464.

This is based on house price deflation of 1.9%, between October 2022 and May 2026, for flats, in the Gloucester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.9% deflationary decrease is applied to the most recent sale price for 17 THE FORGE of £190,000 on 4th October 2022. For the value to have decreased from £190,000 to £186,464 over the four years and five months to May 2026, the following assumptions must hold true:

• The value of 17 THE FORGE has moved in line with the HPI for flats in the Gloucester local authority area.
• The October 2022 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 17 THE FORGE has not materially changed since October 2022.

How Large is 17 THE FORGE?

17 THE FORGE is 51m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 40% of flats in Gloucester, based on EPC data. 37% of flats are smaller than 17 THE FORGE, and 61% of flats are larger. Note that EPC data is not available for all properties in Gloucester.

17 THE FORGE: Plot

17 THE FORGE sits on a plot of roughly 0.051 of an acre, or 207m².

Where is 17 THE FORGE?

17 THE FORGE is located in HEMPSTED, in the GL2 postcode district.