1A, PROSPECT PLACE, CIRENCESTER, GL7 1EZ - £340,000

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

1A PROSPECT PLACE is a very small detached house of 69m², built sometime between 1967 and 1975, which could now be worth an estimated £588,178. It was last sold for £340,000 in September 2010, which was around 17% below the average September 2010 detached price in the Cotswold local authority area. The most recent EPC inspection was April 2010, where the current energy rating was E, and the potential energy rating was C.

1A PROSPECT PLACE Sold Prices

Land registry data shows two sales for 1A PROSPECT PLACE 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 1A PROSPECT PLACE 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
2010 15 SEP	£340,000	£407,248	17% below HPI
1999 9 NOV	£159,000	£199,006	20% below HPI

1A PROSPECT PLACE 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 1A PROSPECT PLACE sales from November 1999 and September 2010 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 November 1999 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2010 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 1A PROSPECT PLACE be worth now?

1A PROSPECT PLACE might now be worth an estimated £588,178.

This is based on house price inflation of 73%, between September 2010 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 73% inflationary increase is applied to the most recent sale price for 1A PROSPECT PLACE of £340,000 on 15th September 2010. For the value to have increased from £340,000 to £588,178 over the thirteen years and nine months to December 2024, the following assumptions must hold true:

• The value of 1A PROSPECT PLACE has moved in line with the HPI for detached houses in the Cotswold local authority area.
• The September 2010 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 1A PROSPECT PLACE has not materially changed since September 2010.

How Large is 1A PROSPECT PLACE?

1A PROSPECT PLACE is 69m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 10% 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 1A PROSPECT PLACE lies on this distribution: 4% of detached houses houses are smaller than 1A PROSPECT PLACE, and 96% of houses are larger. Note that EPC data is not available for all properties in Cirencester.

1A PROSPECT PLACE: Plot and Title Map

1A PROSPECT PLACE sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of 1A PROSPECT PLACE, 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 1A PROSPECT PLACE). 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 1A PROSPECT PLACE?

1A PROSPECT PLACE is located in CIRENCESTER, in the GL7 postcode district. The below map shows the position of No. 1A on PROSPECT PLACE.