2, LAKESHORE RESERVE, LOWER MILL ESTATE, SOMERFORD KEYNES, CIRENCESTER, GL7 6GD - £490,000

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

2 LAKESHORE RESERVE is a very small detached house of 106m², built in 2021, which could now be worth an estimated £471,406. It was last sold for £490,000 in February 2024, which was around 33% below the average February 2024 detached price in the Cotswold local authority area. The most recent EPC inspection was November 2021, where the current energy rating was B, and the potential energy rating was A.

2 LAKESHORE RESERVE Sold Prices

Land registry data shows two sales for 2 LAKESHORE RESERVE 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 2 LAKESHORE RESERVE 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
2024 26 FEB	£490,000	£732,301	33% below HPI
2020 22 JUN	£195,000	£547,868	64% below HPI

2 LAKESHORE RESERVE 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 2 LAKESHORE RESERVE sales from June 2020 and February 2024 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 June 2020 sale was for 64% below the HPI. So the extrapolation line tracks at 64% below the HPI over time, until the February 2024 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 2 LAKESHORE RESERVE be worth now?

2 LAKESHORE RESERVE might now be worth an estimated £471,406.

This is based on house price deflation of 3.8%, between February 2024 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 3.8% deflationary decrease is applied to the most recent sale price for 2 LAKESHORE RESERVE of £490,000 on 26th February 2024. For the value to have decreased from £490,000 to £471,406 over the two months to December 2024, the following assumptions must hold true:

• The value of 2 LAKESHORE RESERVE has moved in line with the HPI for detached houses in the Cotswold local authority area.
• The February 2024 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAKESHORE RESERVE has not materially changed since February 2024.

How Large is 2 LAKESHORE RESERVE?

2 LAKESHORE RESERVE is 106m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% of detached houses houses in Somerford Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Somerford Keynes, and where 2 LAKESHORE RESERVE lies on this distribution: 4% of detached houses houses are smaller than 2 LAKESHORE RESERVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Somerford Keynes.

2 LAKESHORE RESERVE: Plot and Title Map

2 LAKESHORE RESERVE sits on a plot of roughly 0.166 of an acre, or 670m². The below map shows the location of 2 LAKESHORE RESERVE, 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 LAKESHORE RESERVE). 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 LAKESHORE RESERVE?

2 LAKESHORE RESERVE is located on LOWER MILL ESTATE in SOMERFORD KEYNES, in the GL7 postcode district. The below map shows the position of 2 LAKESHORE RESERVE on LOWER MILL ESTATE.