12, MINERVA CLOSE, ABBEYMEAD, GLOUCESTER, GL4 5JD - £205,000

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.

12 MINERVA CLOSE is a small detached house of 90m², built sometime between 1983 and 1990, which could now be worth an estimated £342,184. It was last sold for £205,000 in August 2014, which was around 17% below the average August 2014 detached price in the Gloucester local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was B.

12 MINERVA CLOSE Sold Prices

Land registry data shows four sales for 12 MINERVA CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gloucester local authority area for the corresponding sale date. All of the four 12 MINERVA 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
2014 21 AUG	£205,000	£246,468	17% below HPI
2007 27 FEB	£187,000	£239,665	22% below HPI
2001 12 OCT	£107,950	£136,516	21% below HPI
1999 23 APR	£75,500	£93,474	19% below HPI

12 MINERVA 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 four 12 MINERVA CLOSE sales between April 1999 and August 2014 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 February 2007 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2014 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 12 MINERVA CLOSE be worth now?

12 MINERVA CLOSE might now be worth an estimated £342,184.

This is based on house price inflation of 66.9%, between August 2014 and February 2025, 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 66.9% inflationary increase is applied to the most recent sale price for 12 MINERVA CLOSE of £205,000 on 21st August 2014. For the value to have increased from £205,000 to £342,184 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 12 MINERVA CLOSE has moved in line with the HPI for detached houses in the Gloucester local authority area.
• The August 2014 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MINERVA CLOSE has not materially changed since August 2014.

How Large is 12 MINERVA CLOSE?

12 MINERVA CLOSE is 90m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 30% 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 12 MINERVA CLOSE lies on this distribution: 22% of detached houses houses are smaller than 12 MINERVA CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Gloucester.

12 MINERVA CLOSE: Plot and Title Map

12 MINERVA CLOSE sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 12 MINERVA 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 12 MINERVA 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 12 MINERVA CLOSE?

12 MINERVA CLOSE is located in ABBEYMEAD, in the GL4 postcode district. The below map shows the position of No. 12 on MINERVA CLOSE.