40, FORBES CLOSE, ABBEYMEAD, GLOUCESTER, GL4 5GE - £221,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 FORBES CLOSE is a small extended detached house of 91m², built sometime between 1996 and 2002. It was last sold for £221,000 in February 2014, which was around 10% below the average February 2014 detached price in the Gloucester local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

40 FORBES CLOSE Sold Prices

Land registry data shows three sales for 40 FORBES CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gloucester local authority area for the corresponding sale date. Two of the three 40 FORBES CLOSE sales were for below the average price, whilst one was 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
2014 14 FEB	£221,000	£245,432	10% below HPI
2011 2 DEC	£197,000	£226,597	13% below HPI
1998 29 MAY	£89,950	£88,761	1% above HPI

40 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 three 40 FORBES CLOSE sales between May 1998 and February 2014 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 2011 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2014 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 40 FORBES CLOSE?

40 FORBES CLOSE is 91m², which includes two extensions, according to the EPC inspection conducted in February 2015. This puts it in the smallest 30% of detached houses in Gloucester, based on EPC data. The below chart shows the distribution of detached houses by size in Gloucester, and where 40 FORBES CLOSE lies on this distribution: 23% of detached houses are smaller than 40 FORBES CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Gloucester.

40 FORBES CLOSE: Plot and Title Map

40 FORBES CLOSE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 40 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 40 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 40 FORBES CLOSE?

40 FORBES CLOSE is located in ABBEYMEAD, in the GL4 postcode district. The below map shows the position of No. 40 on FORBES CLOSE.