23, PENNY CLOSE, LONGLEVENS, GLOUCESTER, GL2 0NP - £330,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

23 PENNY CLOSE is a large detached house of 122m², built sometime between 1983 and 1990, which could now be worth an estimated £496,884. It was last sold for £330,000 in January 2016, which was around 21% above the average January 2016 detached price in the Gloucester local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was B.

23 PENNY CLOSE Sold Prices

Land registry data shows two sales for 23 PENNY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gloucester local authority area for the corresponding sale date. Both of the two 23 PENNY CLOSE sales were for above 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
2016 29 JAN	£330,000	£273,228	21% above HPI
2007 29 JUN	£272,500	£249,489	9% above HPI

23 PENNY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gloucester local authority area over time, sourced from the HPI. The two 23 PENNY CLOSE sales from June 2007 and January 2016 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 2007 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the January 2016 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 23 PENNY CLOSE be worth now?

23 PENNY CLOSE might now be worth an estimated £496,884.

This is based on house price inflation of 50.6%, between January 2016 and February 2025, for detached houses, in the Gloucester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 50.6% inflationary increase is applied to the most recent sale price for 23 PENNY CLOSE of £330,000 on 29th January 2016. For the value to have increased from £330,000 to £496,884 over the eight years and eleven months to February 2025, the following assumptions must hold true:

• The value of 23 PENNY CLOSE has moved in line with the HPI for detached houses in the Gloucester local authority area.
• The January 2016 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 23 PENNY CLOSE has not materially changed since January 2016.

How Large is 23 PENNY CLOSE?

23 PENNY CLOSE is 122m² according to the EPC inspection conducted in October 2015. This puts it in the largest 40% of detached houses houses in Gloucester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gloucester, and where 23 PENNY CLOSE lies on this distribution: 61% of detached houses houses are smaller than 23 PENNY CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Gloucester.

23 PENNY CLOSE: Plot and Title Map

23 PENNY CLOSE sits on a plot of roughly 0.132 of an acre, or 536m². The below map shows the location of 23 PENNY 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 23 PENNY 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 23 PENNY CLOSE?

23 PENNY CLOSE is located in LONGLEVENS, in the GL2 postcode district. The below map shows the position of No. 23 on PENNY CLOSE.