THE RIDGE, TEWKESBURY ROAD, LONGFORD, GLOUCESTER, GL2 9BG - £245,000

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 RIDGE is a small detached house of 97m², built sometime between 2003 and 2006. It was last sold for £245,000 in October 2014, which was around 29% below the average October 2014 detached price in the Tewkesbury local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

THE RIDGE Sold Prices

Land registry data shows four sales for THE RIDGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Tewkesbury local authority area for the corresponding sale date. All of the four THE RIDGE 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
2014 31 OCT	£245,000	£344,964	29% below HPI
2006 24 APR	£235,000	£285,727	18% below HPI
2004 9 MAR	£158,000	£261,075	39% below HPI
2002 11 JUL	£138,000	£207,372	33% below HPI

THE RIDGE 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 four THE RIDGE sales between July 2002 and October 2014 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 2006 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2014 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is THE RIDGE?

THE RIDGE is 97m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 40% of detached houses in Longford, based on EPC data. The below chart shows the distribution of detached houses by size in Longford, and where THE RIDGE lies on this distribution: 34% of detached houses are smaller than THE RIDGE, and 65% of houses are larger. Note that EPC data is not available for all properties in Longford.

THE RIDGE: Plot and Title Map

THE RIDGE sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of THE RIDGE, 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 RIDGE). 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 RIDGE?

THE RIDGE is located on TEWKESBURY ROAD in LONGFORD, in the GL2 postcode district. The below map shows the position of THE RIDGE on TEWKESBURY ROAD.