18, MILL LANE, BROCKWORTH, GLOUCESTER, GL3 4QL - £350,000

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

18 MILL LANE is a very small detached house of 88m², built sometime between 1976 and 1982. It was last sold for £350,000 in March 2022, which was around 25% below the average March 2022 detached price in the Tewkesbury local authority area. The most recent EPC inspection was November 2012, where the current energy rating was F, and the potential energy rating was B.

18 MILL LANE Sold Prices

Land registry data shows five sales for 18 MILL LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Tewkesbury local authority area for the corresponding sale date. All of the five 18 MILL LANE 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 8 MAR	£350,000	£465,225	25% below HPI
2016 13 MAY	£185,000	£379,097	51% below HPI
2008 31 MAR	£150,000	£312,886	52% below HPI
1999 11 JUN	£48,000	£130,760	63% below HPI
1997 12 NOV	£32,000	£120,461	73% below HPI

18 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tewkesbury local authority area over time, sourced from the HPI. The five 18 MILL LANE sales between November 1997 and March 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 May 2016 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the March 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 18 MILL LANE?

18 MILL LANE is 88m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 20% of detached houses in Brockworth, based on EPC data. The below chart shows the distribution of detached houses by size in Brockworth, and where 18 MILL LANE lies on this distribution: 11% of detached houses are smaller than 18 MILL LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Brockworth.

18 MILL LANE: Plot and Title Map

18 MILL LANE sits on a plot of roughly 0.205 of an acre, or 828m². The below map shows the location of 18 MILL LANE, 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 18 MILL LANE). 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 18 MILL LANE?

18 MILL LANE is located in BROCKWORTH, in the GL3 postcode district. The below map shows the position of No. 18 on MILL LANE.