2, PENNY CLOSE, LONGLEVENS, GLOUCESTER, GL2 0NP - £160,000

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.

2 PENNY CLOSE is a detached house, which could now be worth an estimated £481,387. It was last sold for £160,000 in February 2002, which was around 15% above the average February 2002 detached price in the Gloucester local authority area.

2 PENNY CLOSE Sold Prices

Land registry data shows two sales for 2 PENNY 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 Gloucester local authority area for the corresponding sale date. Both of the two 2 PENNY CLOSE 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
2002 22 FEB	£160,000	£139,278	15% above HPI
2000 5 DEC	£128,000	£122,215	5% above HPI

What might 2 PENNY CLOSE be worth now?

2 PENNY CLOSE might now be worth an estimated £481,387.

This is based on house price inflation of 200.9%, between February 2002 and May 2026, for detached houses, in the Gloucester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 200.9% inflationary increase is applied to the most recent sale price for 2 PENNY CLOSE of £160,000 on 22nd February 2002. For the value to have increased from £160,000 to £481,387 over the 23 years and nine months to May 2026, the following assumptions must hold true:

• The value of 2 PENNY CLOSE has moved in line with the HPI for detached houses in the Gloucester local authority area.
• The February 2002 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PENNY CLOSE has not materially changed since February 2002.

Where is 2 PENNY CLOSE?

2 PENNY CLOSE is located in LONGLEVENS, in the GL2 postcode district.