9, THE FORGE, HEMPSTED, GLOUCESTER, GL2 5GH - £136,000

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.

9 THE FORGE is a small flat of 50m², built sometime from 2007 onwards, which could now be worth an estimated £164,042. It was last sold for £136,000 in February 2018, which was around 22% above the average February 2018 flat price in the Gloucester local authority area. The most recent EPC inspection was November 2008, where the current energy rating was C, and the potential energy rating was B.

9 THE FORGE Sold Prices

Land registry data shows two sales for 9 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 9 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
2018 7 FEB	£136,000	£111,206	22% above HPI
2007 26 OCT	£136,000	£105,037	29% above HPI

What might 9 THE FORGE be worth now?

9 THE FORGE might now be worth an estimated £164,042.

This is based on house price inflation of 20.6%, between February 2018 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 20.6% inflationary increase is applied to the most recent sale price for 9 THE FORGE of £136,000 on 7th February 2018. For the value to have increased from £136,000 to £164,042 over the seven years and nine months to May 2026, the following assumptions must hold true:

• The value of 9 THE FORGE has moved in line with the HPI for flats in the Gloucester local authority area.
• The February 2018 sale price of £136,000 represented a fair market value for the property.
• The size, condition, and specification of 9 THE FORGE has not materially changed since February 2018.

How Large is 9 THE FORGE?

9 THE FORGE is 50m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 40% of flats in Gloucester, based on EPC data. 35% of flats are smaller than 9 THE FORGE, and 65% of flats are larger. Note that EPC data is not available for all properties in Gloucester.

9 THE FORGE: Plot

9 THE FORGE sits on a plot of roughly 0.056 of an acre, or 227m².

Where is 9 THE FORGE?

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