THE WEDGE, MARKET STREET, NAILSWORTH, STROUD, GL6 0BZ - £250,000

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.

THE WEDGE is a very small extended detached house of 89m², built sometime before 1900, which could now be worth an estimated £442,448. It was last sold for £250,000 in February 2010, which was around 18% below the average February 2010 detached price in the Stroud local authority area. The most recent EPC inspection was April 2009, where the current energy rating was E, and the potential energy rating was D.

THE WEDGE Sold Prices

Land registry data shows three sales for THE WEDGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Stroud local authority area for the corresponding sale date. One of the three THE WEDGE sales was for below the average price, whilst two 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
2010 8 FEB	£250,000	£305,113	18% below HPI
2006 5 APR	£360,000	£296,949	21% above HPI
2005 13 FEB	£323,000	£299,128	8% above HPI

THE WEDGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stroud local authority area over time, sourced from the HPI. The three THE WEDGE sales between February 2005 and February 2010 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 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the February 2010 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might THE WEDGE be worth now?

THE WEDGE might now be worth an estimated £442,448.

This is based on house price inflation of 77%, between February 2010 and February 2025, for detached houses, in the Stroud local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 77% inflationary increase is applied to the most recent sale price for THE WEDGE of £250,000 on 8th February 2010. For the value to have increased from £250,000 to £442,448 over the fifteen years to February 2025, the following assumptions must hold true:

• The value of THE WEDGE has moved in line with the HPI for detached houses in the Stroud local authority area.
• The February 2010 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of THE WEDGE has not materially changed since February 2010.

How Large is THE WEDGE?

THE WEDGE is 89m², which includes two extensions, according to the EPC inspection conducted in April 2009. This puts it in the smallest 20% of detached houses houses in Nailsworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nailsworth, and where THE WEDGE lies on this distribution: 15% of detached houses houses are smaller than THE WEDGE, and 86% of houses are larger. Note that EPC data is not available for all properties in Nailsworth.

THE WEDGE: Plot and Title Map

THE WEDGE sits on a plot of roughly 0.030 of an acre, or 121m². The below map shows the location of THE WEDGE, 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 WEDGE). 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 WEDGE?

THE WEDGE is located on MARKET STREET in NAILSWORTH, in the GL6 postcode district. The below map shows the position of THE WEDGE on MARKET STREET.