2, MORGANS TERRACE, SOUTH CERNEY, CIRENCESTER, GL7 5TF - £270,000

2 MORGANS TERRACE is a very small detached house of 81m², built sometime between 1991 and 1995. It was last sold for £270,000 in March 2017, which was around 49% below the average March 2017 detached price in the Cotswold local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was A.

2 MORGANS TERRACE Sold Prices

Land registry data shows four sales for 2 MORGANS TERRACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cotswold local authority area for the corresponding sale date. All of the four 2 MORGANS TERRACE 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 20 MAR	£270,000	£526,155	49% below HPI
2006 7 JUL	£237,500	£391,773	39% below HPI
2000 23 FEB	£134,000	£208,845	36% below HPI
1995 12 JAN	£85,000	£123,589	31% below HPI

2 MORGANS TERRACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cotswold local authority area over time, sourced from the HPI. The four 2 MORGANS TERRACE sales between January 1995 and March 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 July 2006 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the March 2017 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 2 MORGANS TERRACE?

2 MORGANS TERRACE is 81m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses in South Cerney, based on EPC data. The below chart shows the distribution of detached houses by size in South Cerney, and where 2 MORGANS TERRACE lies on this distribution: 7% of detached houses are smaller than 2 MORGANS TERRACE, and 93% of houses are larger. Note that EPC data is not available for all properties in South Cerney.

2 MORGANS TERRACE: Plot and Title Map

2 MORGANS TERRACE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 2 MORGANS TERRACE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 MORGANS TERRACE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 MORGANS TERRACE?

2 MORGANS TERRACE is located in SOUTH CERNEY, in the GL7 postcode district. The below map shows the position of No. 2 on MORGANS TERRACE.