40, PROSPECT PLACE, CIRENCESTER, GL7 1EZ - £348,000

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.

40 PROSPECT PLACE is a very small extended semi-detached house of 84m², built sometime between 1900 and 1929, which could now be worth an estimated £404,840. It was last sold for £348,000 in September 2020, which was around 2% below the average September 2020 semi-detached price in the Cotswold local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

40 PROSPECT PLACE Sold Prices

Land registry data shows three sales for 40 PROSPECT PLACE 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 Cotswold local authority area for the corresponding sale date. Two of the three 40 PROSPECT PLACE 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
2020 25 SEP	£348,000	£355,185	2% below HPI
2011 30 JUN	£260,000	£232,655	12% above HPI
1997 18 DEC	£74,000	£86,520	14% below HPI

40 PROSPECT PLACE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cotswold local authority area over time, sourced from the HPI. The three 40 PROSPECT PLACE sales between December 1997 and September 2020 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 2011 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the September 2020 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 40 PROSPECT PLACE be worth now?

40 PROSPECT PLACE might now be worth an estimated £404,840.

This is based on house price inflation of 16.3%, between September 2020 and February 2025, for semi-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 16.3% inflationary increase is applied to the most recent sale price for 40 PROSPECT PLACE of £348,000 on 25th September 2020. For the value to have increased from £348,000 to £404,840 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 40 PROSPECT PLACE has moved in line with the HPI for semi-detached houses in the Cotswold local authority area.
• The September 2020 sale price of £348,000 represented a fair market value for the property.
• The size, condition, and specification of 40 PROSPECT PLACE has not materially changed since September 2020.

How Large is 40 PROSPECT PLACE?

40 PROSPECT PLACE is 84m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of semi-detached houses houses in Cirencester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cirencester, and where 40 PROSPECT PLACE lies on this distribution: 11% of semi-detached houses houses are smaller than 40 PROSPECT PLACE, and 88% of houses are larger. Note that EPC data is not available for all properties in Cirencester.

40 PROSPECT PLACE: Plot and Title Map

40 PROSPECT PLACE sits on a plot of roughly 0.039 of an acre, or 156m². The below map shows the location of 40 PROSPECT PLACE, 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 PROSPECT PLACE). 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 PROSPECT PLACE?

40 PROSPECT PLACE is located in CIRENCESTER, in the GL7 postcode district. The below map shows the position of No. 40 on PROSPECT PLACE.