SMITH COTTAGE BARN, TWO MILE LANE, HIGHNAM, GLOUCESTER, GL2 8DW - £385,000

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.

SMITH COTTAGE BARN is a large extended detached house of 131m², built sometime from 2007 onwards, which could now be worth an estimated £629,787. It was last sold for £385,000 in October 2007, which was around 24% above the average October 2007 detached price in the Tewkesbury local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was C.

SMITH COTTAGE BARN Sold Prices

Land registry data shows two sales for SMITH COTTAGE BARN 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. One of the two SMITH COTTAGE BARN sales was for above the average price, whilst the other was 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
2007 12 OCT	£385,000	£310,721	24% above HPI
2006 23 MAY	£175,000	£279,877	37% below HPI

SMITH COTTAGE BARN 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 SMITH COTTAGE BARN sales from May 2006 and October 2007 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 2006 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the October 2007 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might SMITH COTTAGE BARN be worth now?

SMITH COTTAGE BARN might now be worth an estimated £629,787.

This is based on house price inflation of 63.6%, between October 2007 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 63.6% inflationary increase is applied to the most recent sale price for SMITH COTTAGE BARN of £385,000 on 12th October 2007. For the value to have increased from £385,000 to £629,787 over the eighteen years and eight months to February 2025, the following assumptions must hold true:

• The value of SMITH COTTAGE BARN has moved in line with the HPI for detached houses in the Tewkesbury local authority area.
• The October 2007 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of SMITH COTTAGE BARN has not materially changed since October 2007.

How Large is SMITH COTTAGE BARN?

SMITH COTTAGE BARN is 131m², which includes two extensions, according to the EPC inspection conducted in November 2017. This puts it in the largest 30% of detached houses houses in Highnam, based on EPC data. The below chart shows the distribution of detached houses houses by size in Highnam, and where SMITH COTTAGE BARN lies on this distribution: 75% of detached houses houses are smaller than SMITH COTTAGE BARN, and 24% of houses are larger. Note that EPC data is not available for all properties in Highnam.

SMITH COTTAGE BARN: Plot and Title Map

SMITH COTTAGE BARN sits on a plot of roughly 0.377 of an acre, or 1,524m². The below map shows the location of SMITH COTTAGE BARN, 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 SMITH COTTAGE BARN). 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 SMITH COTTAGE BARN?

SMITH COTTAGE BARN is located on TWO MILE LANE in HIGHNAM, in the GL2 postcode district. The below map shows the position of SMITH COTTAGE BARN on TWO MILE LANE.