Flat
1
850 sq ft
25%
PROPERTY VALUATION
£251,000
Price change: +£51,000
Since last sold: May 2021
VALUATION RANGE
£237k - £265k
LOW OFFER | HIGH OFFER
Confidence: High
Good
Condition
Reasonable
Condition
Poor
Condition
At a sale price of £251k, we expect this property to need a little bit of work.
Update Property Condition
Property summary Last updated: 05/03/2024
Last updated: 05/03/2024
Apartment A, Field House is a ground floor 1 bedroom flat spread over 850 square feet, making it one of the smaller properties here - it is ranked as the 15th most expensive property* in GL5 2JX, with a valuation of £251,000.
Since it last sold in May 2021 for £200,000, its value has increased by £51,000.
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Essential buying details
- If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £237k and £265k; with the most likely sale price being £251,000.
- The property didn't turn out to be a great investment for the previous owner - returning on average 3.2% per annum.
- 7 flats have sold at an average price of £174,214 over the last 12 months (in the area coverring GL5 2).
Sale history
The most paid for a property in Field House Gardens, GL5 2JX was £587,500 in 2016.
| Date | Price | Change |
|---|---|---|
| Today's value* | £251,000 | 25.5% |
| 05 May 2021 | £200,000 | 7.4% |
| 25 Jan 2019 | £186,250 | 22.1% |
| 08 Oct 2010 | £152,500 | - |
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SOLD PROPERTY PRICES - GL5 2JX
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Apartment A, Field House, Field House Gardens is substantially smaller than the average property in this postcode.
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Apartment A, Field House, Field House Gardens, Stroud is a 1 bedroom flat with 850 square feet of internal space.
25%
This property has increased in price by 25% since it last sold 2 years ago
45%
This property is 45% less expensive than average in Field House Gardens, GL5 2JX
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Valuation details
The most likely sale price is £251,000 but at the lower end we think it should fetch a minimum of £237,000.
On a cost per square foot basis, this property is valued at 8% less than the other houses in this postcode.
A lower cost per square foot can indicate that the property is in a worse condition and needs more refurbishment work or that it has a smaller garden (for more information see our valuation review) of this property.
If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £289,000.
Note: If the lease has less than 82 years remaining, the property valuation will start to drop rapidly (due to the cost of the lease renewal increasing significantly at this point).
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Recent sales in the surrounding roads
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Investment Performance
3.2%
Was It A Good Investment?
The previous owner had the property for 2 years, having purchased it in January 2019 for £186,250.
During this time, the price rose by £13,750 (7.4%), which equates to it increasing in value by 3.2% each year.
The property didn't turn out to be a great investment for the previous owner.
This sale was recorded as a non-residential transaction. This can be when a commercial mortgage is used, a property is repossessed or if the property is going to be redeveloped etc.
The sale on 05 May 2021 for £200,000 was recorded as a non-residential transaction. This could be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.
This property has increased in price by £51,000 since it last sold in 2021 - this equates to a 8.2% rise each year.
If the property has been refurbished or extended since it was last purchased, tell us about any home improvements to get a revised valuation.
What condition is the property in?
- At a sale price of £251k, we expect this property to be in slightly worse condition than the neighbouring properties.
- At this valuation it has a cost per square foot of £295, which is slightly less than the average here.
- The average cost per square foot for property here is £322.
Cost per square foot valuation
- If we valued this property using the average cost per square foot (CPSF) - it would be worth £274k. For it to sell for this amount, we would expect it to be in a similar state decoratively to the average property here and also have a similar sized plot of land.
- Note: Properties that are in a better condition will sell for more money per square foot.
What does it cost to live here?
Prices start at:
£147k
Average house price:
£453k
Most expensive:
£854k
- Property details
- Local market
- Regional prices
Property details
- Most likely sale price: £251,000
- Offers likely to be accepted between £237,000 and £265,000.
- Cost per squre foot: £295 (at a valuation of £251,000).
- Property energy rating: 49
- Which is below average for this postcode.
- A score of 100 is the best energy rating a property can be given.
- Compare this to other properties in GL5 2JX
The local market - GL5 2JX
- The average property price for this postcode is £453,000
- Prices here range from £147,000 to £854,000.
- Expect to pay £273 to £370 per square foot for property in GL5 2JX.
- 4 properties have sold in GL5 2JX over the last 5 years.
- The latest sale in GL5 2JX went for £200k on 04 Feb 2022.
The property market across GL5 2
- The average price paid for a flat in the area GL5 2 over the past year is £174k.
- Flats have been selling for £330 per square foot across GL5 2.
- 7 flats have sold over the last 12 months (in the area coverring GL5 2).
What does it cost to live in this area?
What are some of the other properties worth?
The cheapest property here in GL5 2JX is valued at £147k.
At the top end, the most expensive property is worth £854k - this postcode has an average valuation of £453k.
| Property | Valuation | ||
|---|---|---|---|
 | Apartment E, Field House 1 bed | 743 sq. ft. | £227,000(+14% since 2022) | |
 | Apartment A, Field House 1 bed | 850 sq. ft. | £251,000(+26% since 2021) | |
 | 2 Field House Gardens, Stroud 3 bed | 1442 sq. ft. | £404,000(+8% since 2021) | |
| 1 Field House Gardens, Stroud 1539 sq.ft. | £497,000(+24% since 2018) | ||
 | 6 Field House Gardens, Stroud 4 bed | 2174 sq. ft. | £633,000(+10% since 2020) |
Valuation accuracy
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