OAKLAND, SOMERFORD ROAD, CIRENCESTER, GL7 1TX - £1,140,000

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.

OAKLAND is a very large detached house of 278m², built sometime between 1996 and 2002, which could now be worth an estimated £1,348,734. It was last sold for £1,140,000 in July 2021, which was around 94% above the average July 2021 detached price in the Cotswold local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was C.

OAKLAND Sold Prices

Land registry data shows four sales for OAKLAND since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cotswold local authority area for the corresponding sale date. All of the four OAKLAND 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
2021 8 JUL	£1,140,000	£586,263	94% above HPI
2010 27 MAY	£860,000	£390,065	120% above HPI
2007 16 FEB	£900,000	£384,489	134% above HPI
2003 4 JUL	£660,000	£318,772	107% above HPI

OAKLAND Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cotswold local authority area over time, sourced from the HPI. The four OAKLAND sales between July 2003 and July 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 May 2010 sale was for 120% above the HPI. So the extrapolation line tracks at 120% above the HPI over time, until the July 2021 sale, where it falls to 94% above the HPI. The line then continues to track at 94% above the HPI.

What might OAKLAND be worth now?

OAKLAND might now be worth an estimated £1,348,734.

This is based on house price inflation of 18.3%, between July 2021 and February 2025, for detached houses, in the Cotswold local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.3% inflationary increase is applied to the most recent sale price for OAKLAND of £1,140,000 on 8th July 2021. For the value to have increased from £1,140,000 to £1,348,734 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of OAKLAND has moved in line with the HPI for detached houses in the Cotswold local authority area.
• The July 2021 sale price of £1,140,000 represented a fair market value for the property.
• The size, condition, and specification of OAKLAND has not materially changed since July 2021.

How Large is OAKLAND?

OAKLAND is 278m² according to the EPC inspection conducted in October 2020. This puts it in the largest 10% of detached houses houses in Cirencester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cirencester, and where OAKLAND lies on this distribution: 99% of detached houses houses are smaller than OAKLAND, and 1% of houses are larger. Note that EPC data is not available for all properties in Cirencester.

OAKLAND: Plot and Title Map

OAKLAND sits on a plot of roughly 0.324 of an acre, or 1,312m². The below map shows the location of OAKLAND, 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 OAKLAND). 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 OAKLAND?

OAKLAND is located on SOMERFORD ROAD in CIRENCESTER, in the GL7 postcode district. The below map shows the position of OAKLAND on SOMERFORD ROAD.