8, LACY CLOSE, LONGLEVENS, GLOUCESTER, GL2 0TX - £275,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 LACY CLOSE is a very small detached house of 63m², built sometime between 1976 and 1982. It was last sold for £275,000 in May 2019, which was around 16% below the average May 2019 detached price in the Gloucester local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

8 LACY CLOSE Sold Prices

Land registry data shows two sales for 8 LACY CLOSE 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 8 LACY 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
2019 31 MAY	£275,000	£328,553	16% below HPI
2007 17 AUG	£211,500	£265,970	20% below HPI

8 LACY 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 two 8 LACY CLOSE sales from August 2007 and May 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 August 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2019 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 8 LACY CLOSE?

8 LACY CLOSE is 63m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 10% of detached houses in Gloucester, based on EPC data. The below chart shows the distribution of detached houses by size in Gloucester, and where 8 LACY CLOSE lies on this distribution: 3% of detached houses are smaller than 8 LACY CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Gloucester.

8 LACY CLOSE: Plot and Title Map

8 LACY CLOSE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 8 LACY 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 LACY 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 LACY CLOSE?

8 LACY CLOSE is located in LONGLEVENS, in the GL2 postcode district. The below map shows the position of No. 8 on LACY CLOSE.