2, DRAKE CLOSE, CHURCHDOWN, GLOUCESTER, GL3 1NE - £307,500

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

2 DRAKE CLOSE is a very small detached house of 67m², built sometime between 1983 and 1990. It was last sold for £307,500 in March 2023, which was around 40% below the average March 2023 detached price in the Tewkesbury local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

2 DRAKE CLOSE Sold Prices

Land registry data shows five sales for 2 DRAKE CLOSE 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 2 DRAKE CLOSE 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
2023 10 MAR	£307,500	£510,877	40% below HPI
2014 15 AUG	£215,000	£343,552	37% below HPI
2007 7 SEP	£200,000	£329,074	39% below HPI
2005 14 JAN	£154,000	£285,173	46% below HPI
1998 27 NOV	£73,500	£124,860	41% below HPI

2 DRAKE CLOSE 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 2 DRAKE CLOSE sales between November 1998 and March 2023 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 August 2014 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the March 2023 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 2 DRAKE CLOSE?

2 DRAKE CLOSE is 67m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 10% of detached houses in Innsworth, based on EPC data. The below chart shows the distribution of detached houses by size in Innsworth, and where 2 DRAKE CLOSE lies on this distribution: 5% of detached houses are smaller than 2 DRAKE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Innsworth.

2 DRAKE CLOSE: Plot and Title Map

2 DRAKE CLOSE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 2 DRAKE CLOSE, 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 2 DRAKE CLOSE). 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 2 DRAKE CLOSE?

2 DRAKE CLOSE is located in CHURCHDOWN, in the GL3 postcode district. The below map shows the position of No. 2 on DRAKE CLOSE.