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

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 MORECOMBE WAY is a very small detached house of 87m², which could now be worth an estimated £405,542. It was last sold for £420,000 in September 2022, which was around 42% 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	£718,335	42% below HPI
2016 19 DEC	£356,995	£501,290	29% 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 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the September 2022 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 12 MORECOMBE WAY be worth now?

12 MORECOMBE WAY might now be worth an estimated £405,542.

This is based on house price deflation of 3.4%, between September 2022 and February 2025, for detached houses, in the Cotswold local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.4% deflationary decrease is applied to the most recent sale price for 12 MORECOMBE WAY of £420,000 on 26th September 2022. For the value to have decreased from £420,000 to £405,542 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 12 MORECOMBE WAY has moved in line with the HPI for detached houses in the Cotswold local authority area.
• The September 2022 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MORECOMBE WAY has not materially changed since September 2022.

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 houses in Fairford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fairford, and where 12 MORECOMBE WAY lies on this distribution: 13% of detached houses 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.