3, FORBES CLOSE, ABBEYMEAD, GLOUCESTER, GL4 5GE - £272,000

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

3 FORBES CLOSE is a midsized detached house of 112m², built sometime between 1967 and 1975. It was last sold for £272,000 in October 2016, which was around 5% below the average October 2016 detached price in the Gloucester local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was C.

3 FORBES CLOSE Sold Prices

Land registry data shows four sales for 3 FORBES CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gloucester local authority area for the corresponding sale date. All of the four 3 FORBES 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
2016 7 OCT	£272,000	£287,207	5% below HPI
2015 15 MAY	£250,000	£252,894	1% below HPI
2003 1 OCT	£177,500	£194,664	9% below HPI
1998 23 DEC	£87,750	£89,315	2% below HPI

3 FORBES 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 four 3 FORBES CLOSE sales between December 1998 and October 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 May 2015 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the October 2016 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 3 FORBES CLOSE be worth now?

3 FORBES CLOSE might now be worth an estimated £398,735.

This is based on house price inflation of 46.6%, between October 2016 and December 2024, 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 46.6% inflationary increase is applied to the most recent sale price for 3 FORBES CLOSE of £272,000 on 7th October 2016. For the value to have increased from £272,000 to £398,735 over the seven years and ten months to December 2024, the following assumptions must hold true:

• The value of 3 FORBES CLOSE has moved in line with the HPI for detached houses in the Gloucester local authority area.
• The October 2016 sale price of £272,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FORBES CLOSE has not materially changed since October 2016.

How Large is 3 FORBES CLOSE?

3 FORBES CLOSE is 112m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 50% 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 3 FORBES CLOSE lies on this distribution: 47% of detached houses houses are smaller than 3 FORBES CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Gloucester.

3 FORBES CLOSE: Plot and Title Map

3 FORBES CLOSE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 3 FORBES 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 3 FORBES 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 3 FORBES CLOSE?

3 FORBES CLOSE is located in ABBEYMEAD, in the GL4 postcode district. The below map shows the position of No. 3 on FORBES CLOSE.