THE REDLANDS, MAIN ROAD, MINSTERWORTH, GLOUCESTER, GL2 8JH - £585,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE REDLANDS is a very large extended detached house of 371m², built sometime before 1900. It was last sold for £585,000 in August 2015, which was around 69% above the average August 2015 detached price in the Tewkesbury local authority area. The most recent EPC inspection was December 2014, where the current energy rating was E, and the potential energy rating was C.

THE REDLANDS Sold Prices

Land registry data shows two sales for THE REDLANDS 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 REDLANDS 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
2015 7 AUG	£585,000	£346,697	69% above HPI
2005 25 NOV	£640,000	£291,752	119% above HPI

THE REDLANDS 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 REDLANDS sales from November 2005 and August 2015 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 November 2005 sale was for 119% above the HPI. So the extrapolation line tracks at 119% above the HPI over time, until the August 2015 sale, where it falls to 69% above the HPI. The line then continues to track at 69% above the HPI.

How Large is THE REDLANDS?

THE REDLANDS is 371m², which includes two extensions, according to the EPC inspection conducted in December 2014. This puts it in the largest 10% of detached houses in Minsterworth, based on EPC data. The below chart shows the distribution of detached houses by size in Minsterworth, and where THE REDLANDS lies on this distribution: 96% of detached houses are smaller than THE REDLANDS, and 4% of houses are larger. Note that EPC data is not available for all properties in Minsterworth.

THE REDLANDS: Plot and Title Map

THE REDLANDS sits on a plot of roughly 1.1 acres, or 4,650m². The below map shows the location of THE REDLANDS, 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 REDLANDS). 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 REDLANDS?

THE REDLANDS is located on MAIN ROAD in MINSTERWORTH, in the GL2 postcode district. The below map shows the position of THE REDLANDS on MAIN ROAD.