10, PENNY CLOSE, LONGLEVENS, GLOUCESTER, GL2 0NP - £250,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

10 PENNY CLOSE is a very small extended detached house of 78m², built sometime between 1983 and 1990. It was last sold for £250,000 in December 2020, which was around 27% below the average December 2020 detached price in the Gloucester local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

10 PENNY CLOSE Sold Prices

Land registry data shows two sales for 10 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 10 PENNY CLOSE 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
2020 18 DEC	£250,000	£342,726	27% below HPI
2007 21 SEP	£177,500	£255,299	30% below HPI

10 PENNY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gloucester local authority area over time, sourced from the HPI. The two 10 PENNY CLOSE sales from September 2007 and December 2020 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 September 2007 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2020 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 10 PENNY CLOSE be worth now?

10 PENNY CLOSE might now be worth an estimated £307,116.

This is based on house price inflation of 22.8%, between December 2020 and December 2024, 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 22.8% inflationary increase is applied to the most recent sale price for 10 PENNY CLOSE of £250,000 on 18th December 2020. For the value to have increased from £250,000 to £307,116 over the four years to December 2024, the following assumptions must hold true:

• The value of 10 PENNY CLOSE has moved in line with the HPI for detached houses in the Gloucester local authority area.
• The December 2020 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 10 PENNY CLOSE has not materially changed since December 2020.

How Large is 10 PENNY CLOSE?

10 PENNY CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of detached houses houses in Gloucester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gloucester, and where 10 PENNY CLOSE lies on this distribution: 11% of detached houses houses are smaller than 10 PENNY CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Gloucester.

10 PENNY CLOSE: Plot and Title Map

10 PENNY CLOSE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 10 PENNY CLOSE, 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 10 PENNY CLOSE). 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 10 PENNY CLOSE?

10 PENNY CLOSE is located in LONGLEVENS, in the GL2 postcode district. The below map shows the position of No. 10 on PENNY CLOSE.