THE NEW HOUSE, MEADOW WAY, CHURCHDOWN, GLOUCESTER, GL3 2AU - £342,500

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.

THE NEW HOUSE is a small extended detached house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £419,907. It was last sold for £342,500 in September 2018, which was around 17% below the average September 2018 detached price in the Tewkesbury local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

THE NEW HOUSE Sold Prices

Land registry data shows two sales for THE NEW HOUSE 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. Both of the two THE NEW HOUSE 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
2018 7 SEP	£342,500	£414,583	17% below HPI
2003 24 OCT	£195,000	£238,786	18% below HPI

THE NEW HOUSE 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 THE NEW HOUSE sales from October 2003 and September 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 October 2003 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2018 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might THE NEW HOUSE be worth now?

THE NEW HOUSE might now be worth an estimated £419,907.

This is based on house price inflation of 22.6%, between September 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 22.6% inflationary increase is applied to the most recent sale price for THE NEW HOUSE of £342,500 on 7th September 2018. For the value to have increased from £342,500 to £419,907 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of THE NEW HOUSE has moved in line with the HPI for detached houses in the Tewkesbury local authority area.
• The September 2018 sale price of £342,500 represented a fair market value for the property.
• The size, condition, and specification of THE NEW HOUSE has not materially changed since September 2018.

How Large is THE NEW HOUSE?

THE NEW HOUSE is 97m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 40% of detached houses houses in Innsworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Innsworth, and where THE NEW HOUSE lies on this distribution: 33% of detached houses houses are smaller than THE NEW HOUSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Innsworth.

THE NEW HOUSE: Plot and Title Map

THE NEW HOUSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of THE NEW HOUSE, 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 THE NEW HOUSE). 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 THE NEW HOUSE?

THE NEW HOUSE is located on MEADOW WAY in CHURCHDOWN, in the GL3 postcode district. The below map shows the position of THE NEW HOUSE on MEADOW WAY.