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

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 LACY CLOSE is a very small detached house of 63m², built sometime between 1976 and 1982, which could now be worth an estimated £359,485. It was last sold for £275,000 in May 2019, which was around 13% 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	£314,716	13% below HPI
2007 17 AUG	£211,500	£254,769	17% 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 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2019 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 8 LACY CLOSE be worth now?

8 LACY CLOSE might now be worth an estimated £359,485.

This is based on house price inflation of 30.7%, between May 2019 and February 2025, 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 30.7% inflationary increase is applied to the most recent sale price for 8 LACY CLOSE of £275,000 on 31st May 2019. For the value to have increased from £275,000 to £359,485 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 8 LACY CLOSE has moved in line with the HPI for detached houses in the Gloucester local authority area.
• The May 2019 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LACY CLOSE has not materially changed since May 2019.

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 houses in Gloucester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gloucester, and where 8 LACY CLOSE lies on this distribution: 3% of detached houses houses are smaller than 8 LACY CLOSE, and 97% 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.