HOMESTEAD, GANNAWAY LANE, TEWKESBURY, GL20 8DA - £327,500

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.

HOMESTEAD is a very large detached house of 146m², built sometime between 1950 and 1966, which could now be worth an estimated £414,525. It was last sold for £327,500 in November 2018, which was around 18% below the average November 2018 detached price in the Tewkesbury local authority area. The most recent EPC inspection was January 2009, where the current energy rating was F, and the potential energy rating was D.

HOMESTEAD Sold Prices

Land registry data shows three sales for HOMESTEAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tewkesbury local authority area for the corresponding sale date. The three HOMESTEAD sales were a mix of below the average price, and roughly equal to 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
2018 23 NOV	£327,500	£401,573	18% below HPI
2011 20 APR	£270,000	£270,158	Close to HPI
2004 12 NOV	£262,500	£271,660	3% below HPI

HOMESTEAD 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 three HOMESTEAD sales between November 2004 and November 2018 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 2011 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2018 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might HOMESTEAD be worth now?

HOMESTEAD might now be worth an estimated £414,525.

This is based on house price inflation of 26.6%, between November 2018 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 26.6% inflationary increase is applied to the most recent sale price for HOMESTEAD of £327,500 on 23rd November 2018. For the value to have increased from £327,500 to £414,525 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of HOMESTEAD has moved in line with the HPI for detached houses in the Tewkesbury local authority area.
• The November 2018 sale price of £327,500 represented a fair market value for the property.
• The size, condition, and specification of HOMESTEAD has not materially changed since November 2018.

How Large is HOMESTEAD?

HOMESTEAD is 146m² according to the EPC inspection conducted in January 2009. This puts it in the largest 20% of detached houses houses in Tewkesbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tewkesbury, and where HOMESTEAD lies on this distribution: 80% of detached houses houses are smaller than HOMESTEAD, and 20% of houses are larger. Note that EPC data is not available for all properties in Tewkesbury.

HOMESTEAD: Plot and Title Map

HOMESTEAD sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of HOMESTEAD, 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 HOMESTEAD). 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 HOMESTEAD?

HOMESTEAD is located on GANNAWAY LANE in TEWKESBURY, in the GL20 postcode district. The below map shows the position of HOMESTEAD on GANNAWAY LANE.