7, MERCURY WAY, ABBEYMEAD, GLOUCESTER, GL4 5LB - £255,000

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

7 MERCURY WAY is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £255,000 in September 2020, which was around 23% below the average September 2020 detached price in the Gloucester local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

7 MERCURY WAY Sold Prices

Land registry data shows two sales for 7 MERCURY WAY 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 7 MERCURY WAY 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
2020 18 SEP	£255,000	£333,052	23% below HPI
2015 22 MAY	£206,000	£252,894	19% below HPI

7 MERCURY WAY 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 7 MERCURY WAY sales from May 2015 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 May 2015 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2020 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 7 MERCURY WAY be worth now?

7 MERCURY WAY might now be worth an estimated £322,358.

This is based on house price inflation of 26.4%, between September 2020 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 26.4% inflationary increase is applied to the most recent sale price for 7 MERCURY WAY of £255,000 on 18th September 2020. For the value to have increased from £255,000 to £322,358 over the three years and nine months to December 2024, the following assumptions must hold true:

• The value of 7 MERCURY WAY has moved in line with the HPI for detached houses in the Gloucester local authority area.
• The September 2020 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MERCURY WAY has not materially changed since September 2020.

How Large is 7 MERCURY WAY?

7 MERCURY WAY is 70m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 10% 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 7 MERCURY WAY lies on this distribution: 6% of detached houses houses are smaller than 7 MERCURY WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Gloucester.

7 MERCURY WAY: Plot and Title Map

7 MERCURY WAY sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 7 MERCURY WAY, 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 7 MERCURY WAY). 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 7 MERCURY WAY?

7 MERCURY WAY is located in ABBEYMEAD, in the GL4 postcode district. The below map shows the position of No. 7 on MERCURY WAY.