12, MORECOMBE WAY, FAIRFORD, GL7 4GG - £420,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 MORECOMBE WAY is a very small detached house of 87m². It was last sold for £420,000 in September 2022, which was around 43% below the average September 2022 detached price in the Cotswold local authority area. The most recent EPC inspection was June 2016, where the current energy rating was B, and the potential energy rating was A.

12 MORECOMBE WAY Sold Prices

Land registry data shows two sales for 12 MORECOMBE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cotswold local authority area for the corresponding sale date. Both of the two 12 MORECOMBE WAY 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
2022 26 SEP	£420,000	£735,226	43% below HPI
2016 19 DEC	£356,995	£513,078	30% below HPI

12 MORECOMBE WAY 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 two 12 MORECOMBE WAY sales from December 2016 and September 2022 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 December 2016 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the September 2022 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 12 MORECOMBE WAY?

12 MORECOMBE WAY is 87m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 20% of detached houses in Fairford, based on EPC data. The below chart shows the distribution of detached houses by size in Fairford, and where 12 MORECOMBE WAY lies on this distribution: 13% of detached houses are smaller than 12 MORECOMBE WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Fairford.

12 MORECOMBE WAY: Plot and Title Map

12 MORECOMBE WAY sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 12 MORECOMBE WAY, 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 MORECOMBE WAY). 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 MORECOMBE WAY?

12 MORECOMBE WAY is located in FAIRFORD, in the GL7 postcode district. The below map shows the position of No. 12 on MORECOMBE WAY.