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House Prices in GL1

The average house price in GL1 (Gloucester) is £195,647 using HM Land Registry data.

The average property price increased by £42,608 (32.68%) over the last 5 years and increased by £8,516 (4.72%) over the last 12 months.

Over the last year, there were 422 residential property sales – a decrease of 203 transactions (-48.10%) relative to the previous year. The majority of house sales (119) were in the £152,000 - £204,000 range. Then came properties in the £100,000 - £152,000 range, where 92 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,836 (-2%).

In April 2024, there were 78 new estate agency instructions, 57 agreed home sales and 31 property price reductions.

5-Year Average Property Prices in GL1 (Gloucester)

32.68%

Property prices in Gloucester increased by 32.68% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in GL1 (Gloucester) Over the Last Year

4.72%

Property prices in Gloucester increased by 4.72% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for GL1 (Gloucester) - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in GL1 (Gloucester)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in GL1 (Gloucester)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in GL1 (Gloucester)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the GL1 (Gloucester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the GL1 postcode area since 1995.

Recent Sales in GL1 (Gloucester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
37 Nelson Street, Gloucester, Gloucestershire, GL1 4QX	£165,000	£162,500	-£2,500	20 Nov 2023	01 Mar 2024	102 Days
105 Rosebery Avenue, Gloucester, Gloucestershire, GL1 5EH	£200,000	£195,000	-£5,000	12 Aug 2023	29 Feb 2024	201 Days
48 Hatherley Road, Gloucester, Gloucestershire, GL1 4PH	£230,000	£222,000	-£8,000	26 Oct 2023	29 Feb 2024	126 Days
17 Hamer Street, Gloucester, Gloucestershire, GL1 3QN	£215,000	£207,000	-£8,000	27 Oct 2023	16 Feb 2024	112 Days
58 Calton Road, Gloucester, Gloucestershire, GL1 5DY	£230,000	£230,000	£00	15 Nov 2023	16 Feb 2024	93 Days
29 Falkner Street, Gloucester, Gloucestershire, GL1 4SG	£270,000	£270,000	£00	19 Oct 2023	08 Feb 2024	112 Days
45 Sebert Street, Gloucester, Gloucestershire, GL1 3BS	£225,000	£218,000	-£7,000	04 Oct 2023	31 Jan 2024	119 Days
57 Hatherley Road, Gloucester, Gloucestershire, GL1 4PN	£195,000	£185,500	-£9,500	05 Oct 2023	23 Jan 2024	110 Days
57 Churchill Road, Gloucester, Gloucestershire, GL1 5BS	£275,000	£270,000	-£5,000	30 Aug 2023	16 Jan 2024	139 Days
125 Linden Road, Gloucester, Gloucestershire, GL1 5JB	£230,000	£200,000	-£30,000	01 Jun 2023	12 Jan 2024	225 Days
3 Herbert Street, Gloucester, Gloucestershire, GL1 4DA	£220,000	£220,000	£00	21 Jul 2023	20 Dec 2023	152 Days
8 Deans Walk, Gloucester, Gloucestershire, GL1 2QP	£212,500	£210,000	-£2,500	29 Sep 2023	19 Dec 2023	81 Days
42 Bowly Road, Gloucester, Gloucestershire, GL1 5NW	£270,000	£262,500	-£7,500	01 Sep 2023	15 Dec 2023	105 Days
50 Swan Road, Gloucester, Gloucestershire, GL1 3BJ	£220,000	£218,000	-£2,000	07 Aug 2023	06 Dec 2023	121 Days
100 New Street, Gloucester, Gloucestershire, GL1 5BA	£170,000	£165,000	-£5,000	27 Mar 2023	05 Dec 2023	253 Days
25 Sandhurst Road, Gloucester, Gloucestershire, GL1 2SE	£475,000	£435,000	-£40,000	10 Jan 2023	01 Dec 2023	325 Days
71 High Street, Gloucester, Gloucestershire, GL1 4SP	£179,950	£175,000	-£4,950	10 Dec 2022	29 Nov 2023	354 Days
Flat 1, The Willows, Lansdown Road, Gloucester, Gloucestershire, GL1 3LA	£175,000	£175,000	£00	21 Apr 2023	28 Nov 2023	221 Days
106 Melbourne Street East, Gloucester, Gloucestershire, GL1 4NR	£190,000	£186,500	-£3,500	11 Jul 2023	27 Nov 2023	139 Days
6 Charles Street, Gloucester, Gloucestershire, GL1 4AG	£200,000	£195,000	-£5,000	14 Jul 2023	27 Nov 2023	136 Days

Most Expensive Streets in GL1 (Gloucester)

Postcode	Street	Area	Average	No. of Sales
GL1 3BB	Kingsholm Road	Gloucester	£545,000	3
GL1 5LP	Sunnycroft Mews	Gloucester	£535,750	4
GL1 3LU	Estcourt Road	Gloucester	£526,250	4
GL1 5PJ	New Dawn View	Gloucester	£456,999	17
GL1 3FE	Wadley Close	Gloucester	£447,776	32
GL1 3JF	Lansdown Road	Gloucester	£446,583	6
GL1 3LP	Estcourt Close	Gloucester	£431,853	31
GL1 3FB	Hudson Close	Gloucester	£424,317	31
GL1 3LG	Estcourt Road	Gloucester	£416,690	13
GL1 3HZ	Denmark Road	Gloucester	£414,666	6

Least Expensive Streets in GL1 (Gloucester)

Postcode	Street	Area	Average	No. of Sales
GL1 3EL	Henry Street	Gloucester	£59,857	7
GL1 1TT	Priory Place	Gloucester	£70,000	3
GL1 1RP	St Aldate Street	Gloucester	£70,990	5
GL1 1RD	Wellington Street	Gloucester	£72,714	7
GL1 3EZ	Walkinshaw Court	Gloucester	£73,750	4
GL1 4DN	Ascot Court, India Road	Gloucester	£80,500	4
GL1 3QD	Myers Road	Gloucester	£82,000	4
GL1 5SD	Bristol Road	Gloucester	£85,500	3
GL1 2PB	Castlemeads Court, Westgate Street, Gloucester	Gloucester	£87,464	14
GL1 3DB	Union Street	Gloucester	£88,380	5