16, MILLENNIUM WAY, CIRENCESTER, GL7 1FJ - £355,000

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

16 MILLENNIUM WAY is a midsized detached house of 117m², built sometime between 1996 and 2002. It was last sold for £355,000 in June 2012, which was around 14% below the average June 2012 detached price in the Cotswold local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

16 MILLENNIUM WAY Sold Prices

Land registry data shows two sales for 16 MILLENNIUM 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. One of the two 16 MILLENNIUM WAY sales was for below the average price, whilst the other was roughly equal to 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
2012 29 JUN	£355,000	£414,290	14% below HPI
2001 6 APR	£225,000	£225,212	Close to HPI

16 MILLENNIUM 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 16 MILLENNIUM WAY sales from April 2001 and June 2012 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 April 2001 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2012 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 16 MILLENNIUM WAY be worth now?

16 MILLENNIUM WAY might now be worth an estimated £603,689.

This is based on house price inflation of 70.1%, between June 2012 and December 2024, 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 70.1% inflationary increase is applied to the most recent sale price for 16 MILLENNIUM WAY of £355,000 on 29th June 2012. For the value to have increased from £355,000 to £603,689 over the eleven years and six months to December 2024, the following assumptions must hold true:

• The value of 16 MILLENNIUM WAY has moved in line with the HPI for detached houses in the Cotswold local authority area.
• The June 2012 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MILLENNIUM WAY has not materially changed since June 2012.

How Large is 16 MILLENNIUM WAY?

16 MILLENNIUM WAY is 117m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 50% of detached houses houses in Cirencester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cirencester, and where 16 MILLENNIUM WAY lies on this distribution: 43% of detached houses houses are smaller than 16 MILLENNIUM WAY, and 57% of houses are larger. Note that EPC data is not available for all properties in Cirencester.

16 MILLENNIUM WAY: Plot and Title Map

16 MILLENNIUM WAY sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 16 MILLENNIUM 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 16 MILLENNIUM 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 16 MILLENNIUM WAY?

16 MILLENNIUM WAY is located in CIRENCESTER, in the GL7 postcode district. The below map shows the position of No. 16 on MILLENNIUM WAY.