BANK COTTAGE, HEMPSTED LANE, GLOUCESTER, GL2 5JS - £517,200

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

BANK COTTAGE is a very large extended detached house of 190m², built sometime between 1900 and 1929. It was last sold for £517,200 in June 2020, which was around 58% above the average June 2020 detached price in the Gloucester local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

BANK COTTAGE Sold Prices

Land registry data shows two sales for BANK COTTAGE 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 BANK COTTAGE sales were for above 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 1 JUN	£517,200	£328,111	58% above HPI
1995 31 MAR	£80,000	£73,277	9% above HPI

BANK COTTAGE 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 BANK COTTAGE sales from March 1995 and June 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 March 1995 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2020 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might BANK COTTAGE be worth now?

BANK COTTAGE might now be worth an estimated £663,663.

This is based on house price inflation of 28.3%, between June 2020 and December 2024, 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 28.3% inflationary increase is applied to the most recent sale price for BANK COTTAGE of £517,200 on 1st June 2020. For the value to have increased from £517,200 to £663,663 over the three years and six months to December 2024, the following assumptions must hold true:

• The value of BANK COTTAGE has moved in line with the HPI for detached houses in the Gloucester local authority area.
• The June 2020 sale price of £517,200 represented a fair market value for the property.
• The size, condition, and specification of BANK COTTAGE has not materially changed since June 2020.

How Large is BANK COTTAGE?

BANK COTTAGE is 190m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the largest 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 BANK COTTAGE lies on this distribution: 95% of detached houses houses are smaller than BANK COTTAGE, and 5% of houses are larger. Note that EPC data is not available for all properties in Gloucester.

BANK COTTAGE: Plot and Title Map

BANK COTTAGE sits on a plot of roughly 0.125 of an acre, or 504m². The below map shows the location of BANK COTTAGE, 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 BANK COTTAGE). 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 BANK COTTAGE?

BANK COTTAGE is located on HEMPSTED LANE in GLOUCESTER, in the GL2 postcode district. The below map shows the position of BANK COTTAGE on HEMPSTED LANE.