8, TERN CLOSE, ABBEYDALE, GLOUCESTER, GL4 4WQ - £182,500

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 TERN CLOSE is a very small extended detached house of 82m², built sometime between 1976 and 1982, which could now be worth an estimated £304,627. It was last sold for £182,500 in August 2014, which was around 26% below the average August 2014 detached price in the Gloucester local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

8 TERN CLOSE Sold Prices

Land registry data shows three sales for 8 TERN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gloucester local authority area for the corresponding sale date. All of the three 8 TERN 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
2014 1 AUG	£182,500	£246,468	26% below HPI
2007 18 APR	£183,000	£245,680	26% below HPI
2003 24 JAN	£133,000	£185,809	28% below HPI

8 TERN 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 three 8 TERN CLOSE sales between January 2003 and August 2014 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 2007 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2014 sale, which was also at 26% below the HPI.

What might 8 TERN CLOSE be worth now?

8 TERN CLOSE might now be worth an estimated £304,627.

This is based on house price inflation of 66.9%, between August 2014 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 66.9% inflationary increase is applied to the most recent sale price for 8 TERN CLOSE of £182,500 on 1st August 2014. For the value to have increased from £182,500 to £304,627 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 8 TERN CLOSE has moved in line with the HPI for detached houses in the Gloucester local authority area.
• The August 2014 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of 8 TERN CLOSE has not materially changed since August 2014.

How Large is 8 TERN CLOSE?

8 TERN CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% 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 TERN CLOSE lies on this distribution: 14% of detached houses houses are smaller than 8 TERN CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Gloucester.

8 TERN CLOSE: Plot and Title Map

8 TERN CLOSE sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 8 TERN 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 TERN 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 TERN CLOSE?

8 TERN CLOSE is located in ABBEYDALE, in the GL4 postcode district. The below map shows the position of No. 8 on TERN CLOSE.