3, MILL LANE, BROCKWORTH, GLOUCESTER, GL3 4QQ - £275,000

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.

3 MILL LANE is a midsized semi-detached house of 111m², built sometime between 1967 and 1975, which could now be worth an estimated £352,811. It was last sold for £275,000 in August 2019, which was around 13% above the average August 2019 semi-detached price in the Tewkesbury local authority area. The most recent EPC inspection was December 2011, where the current energy rating was D, and the potential energy rating was D.

3 MILL LANE Sold Prices

Land registry data shows three sales for 3 MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Tewkesbury local authority area for the corresponding sale date. All of the three 3 MILL LANE 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
2019 9 AUG	£275,000	£243,308	13% above HPI
2009 21 DEC	£180,000	£165,861	9% above HPI
2003 19 AUG	£159,950	£139,929	14% above HPI

3 MILL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Tewkesbury local authority area over time, sourced from the HPI. The three 3 MILL LANE sales between August 2003 and August 2019 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 December 2009 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the August 2019 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 3 MILL LANE be worth now?

3 MILL LANE might now be worth an estimated £352,811.

This is based on house price inflation of 28.3%, between August 2019 and February 2025, for semi-detached houses, in the Tewkesbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.3% inflationary increase is applied to the most recent sale price for 3 MILL LANE of £275,000 on 9th August 2019. For the value to have increased from £275,000 to £352,811 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 3 MILL LANE has moved in line with the HPI for semi-detached houses in the Tewkesbury local authority area.
• The August 2019 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILL LANE has not materially changed since August 2019.

How Large is 3 MILL LANE?

3 MILL LANE is 111m² according to the EPC inspection conducted in December 2011. This puts it in the smallest 50% of semi-detached houses houses in Brockworth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Brockworth, and where 3 MILL LANE lies on this distribution: 44% of semi-detached houses houses are smaller than 3 MILL LANE, and 56% of houses are larger. Note that EPC data is not available for all properties in Brockworth.

3 MILL LANE: Plot and Title Map

3 MILL LANE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 3 MILL LANE, 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 MILL LANE). 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 MILL LANE?

3 MILL LANE is located in BROCKWORTH, in the GL3 postcode district. The below map shows the position of No. 3 on MILL LANE.