8, OLIVE CLOSE, LONGFORD, GLOUCESTER, GL2 9FH - £399,950

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

8 OLIVE CLOSE is a large detached house of 131m², which could now be worth an estimated £476,814. It was last sold for £399,950 in February 2021, which was around 6% below the average February 2021 detached price in the Tewkesbury local authority area. The most recent EPC inspection was November 2015, where the current energy rating was B, and the potential energy rating was A.

8 OLIVE CLOSE Sold Prices

Land registry data shows two sales for 8 OLIVE 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 Tewkesbury local authority area for the corresponding sale date. Both of the two 8 OLIVE 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
2021 17 FEB	£399,950	£426,344	6% below HPI
2015 27 NOV	£332,500	£346,705	4% below HPI

8 OLIVE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tewkesbury local authority area over time, sourced from the HPI. The two 8 OLIVE CLOSE sales from November 2015 and February 2021 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 November 2015 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2021 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 8 OLIVE CLOSE be worth now?

8 OLIVE CLOSE might now be worth an estimated £476,814.

This is based on house price inflation of 19.2%, between February 2021 and February 2025, for detached houses, in the Tewkesbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.2% inflationary increase is applied to the most recent sale price for 8 OLIVE CLOSE of £399,950 on 17th February 2021. For the value to have increased from £399,950 to £476,814 over the four years to February 2025, the following assumptions must hold true:

• The value of 8 OLIVE CLOSE has moved in line with the HPI for detached houses in the Tewkesbury local authority area.
• The February 2021 sale price of £399,950 represented a fair market value for the property.
• The size, condition, and specification of 8 OLIVE CLOSE has not materially changed since February 2021.

How Large is 8 OLIVE CLOSE?

8 OLIVE CLOSE is 131m² according to the EPC inspection conducted in November 2015. This puts it in the largest 30% of detached houses houses in Longford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Longford, and where 8 OLIVE CLOSE lies on this distribution: 69% of detached houses houses are smaller than 8 OLIVE CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Longford.

8 OLIVE CLOSE: Plot and Title Map

8 OLIVE CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 8 OLIVE 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 OLIVE 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 OLIVE CLOSE?

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