8, GRAVEL PITS CLOSE, BREDON, TEWKESBURY, GL20 7QL - £315,000

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.

8 GRAVEL PITS CLOSE is a small detached house of 98m², built sometime between 1976 and 1982, which could now be worth an estimated £362,485. It was last sold for £315,000 in October 2020, which was around 22% below the average October 2020 detached price in the Wychavon local authority area. The most recent EPC inspection was January 2015, where the current energy rating was C, and the potential energy rating was B.

8 GRAVEL PITS CLOSE Sold Prices

Land registry data shows five sales for 8 GRAVEL PITS CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wychavon local authority area for the corresponding sale date. All of the five 8 GRAVEL PITS 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
2020 15 OCT	£315,000	£405,055	22% below HPI
2018 3 APR	£290,000	£388,768	25% below HPI
2015 19 OCT	£267,000	£338,124	21% below HPI
2006 3 JUL	£225,000	£296,721	24% below HPI
2002 29 NOV	£179,495	£217,737	18% below HPI

8 GRAVEL PITS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wychavon local authority area over time, sourced from the HPI. The five 8 GRAVEL PITS CLOSE sales between November 2002 and October 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 April 2018 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2020 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 8 GRAVEL PITS CLOSE be worth now?

8 GRAVEL PITS CLOSE might now be worth an estimated £362,485.

This is based on house price inflation of 15.1%, between October 2020 and February 2025, for detached houses, in the Wychavon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.1% inflationary increase is applied to the most recent sale price for 8 GRAVEL PITS CLOSE of £315,000 on 15th October 2020. For the value to have increased from £315,000 to £362,485 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 GRAVEL PITS CLOSE has moved in line with the HPI for detached houses in the Wychavon local authority area.
• The October 2020 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GRAVEL PITS CLOSE has not materially changed since October 2020.

How Large is 8 GRAVEL PITS CLOSE?

8 GRAVEL PITS CLOSE is 98m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 30% of detached houses houses in Bredon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bredon, and where 8 GRAVEL PITS CLOSE lies on this distribution: 24% of detached houses houses are smaller than 8 GRAVEL PITS CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Bredon.

8 GRAVEL PITS CLOSE: Plot and Title Map

8 GRAVEL PITS CLOSE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 8 GRAVEL PITS 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 8 GRAVEL PITS 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 8 GRAVEL PITS CLOSE?

8 GRAVEL PITS CLOSE is located in BREDON, in the GL20 postcode district. The below map shows the position of No. 8 on GRAVEL PITS CLOSE.