57, THE FORGE, HEMPSTED, GLOUCESTER, GL2 5GH - £120,000

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.

57 THE FORGE is a small flat of 52m², built sometime from 2007 onwards, which could now be worth an estimated £170,367. It was last sold for £120,000 in July 2015, which was around 27% above the average July 2015 flat price in the Gloucester local authority area. The most recent EPC inspection was March 2011, where the current energy rating was B, and the potential energy rating was B.

57 THE FORGE Sold Prices

Land registry data shows two sales for 57 THE FORGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Gloucester local authority area for the corresponding sale date. Both of the two 57 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
2015 2 JUL	£120,000	£94,480	27% above HPI
2007 29 JUN	£138,500	£106,431	30% above HPI

What might 57 THE FORGE be worth now?

57 THE FORGE might now be worth an estimated £170,367.

This is based on house price inflation of 42%, between July 2015 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 42% inflationary increase is applied to the most recent sale price for 57 THE FORGE of £120,000 on 2nd July 2015. For the value to have increased from £120,000 to £170,367 over the eleven years and two months to May 2026, the following assumptions must hold true:

• The value of 57 THE FORGE has moved in line with the HPI for flats in the Gloucester local authority area.
• The July 2015 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 57 THE FORGE has not materially changed since July 2015.

How Large is 57 THE FORGE?

57 THE FORGE is 52m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 40% of flats in Gloucester, based on EPC data. 39% of flats are smaller than 57 THE FORGE, and 59% of flats are larger. Note that EPC data is not available for all properties in Gloucester.

57 THE FORGE: Plot

57 THE FORGE sits on a plot of roughly 0.054 of an acre, or 220m².

Where is 57 THE FORGE?

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