House prices in GL1 5 (Gloucester)

This article reveals price per square metre data and various charts to help you understand current housing market in 'GL1 5' (Gloucester) - statistics were last calculated on 30 August 2024.

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Defining 'GL1 5'

This analysis is limited to properties whose postcode starts with "GL1 5", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Gloucester.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Gloucester is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 4, Clegram Road, Gloucester, sold for £215,000 on Jul-2024. Given the internal area of 91 square metres, the price per sqm is £2,362.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 191 sales in Gloucester (GL1 5) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Gloucester (GL1 5). Of the 191 transactions, half were sold for between £2,300 and £2,910 per square metre. The median, or 'middle', price per square metre in 'GL1 5' is £2,630. Notably, only 25% of properties that sold recently were valued at more than £2,910 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Gloucester

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Gloucester. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Gloucester

Comparison with neighbouring postcode sectors

The table below shows how 'GL1 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
GL1 4 Gloucester	£1,900 sqm	£2,180 sqm	£2,500 sqm
GL1 2 Gloucester	£1,990 sqm	£2,460 sqm	£2,830 sqm
GL1 5 Gloucester	£2,300 sqm	£2,630 sqm	£2,910 sqm
GL1 1 Gloucester	£2,190 sqm	£2,600 sqm	£2,880 sqm
GL1 3 Gloucester	£2,100 sqm	£2,500 sqm	£3,030 sqm

Will Gloucester house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for GL1 5 (Gloucester) compared with both the wider area GL1 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Gloucester to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Gloucester and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Cecil Road, Gloucester, GL1 5H	73 sqm	£2,451	24
Stanley Road, Gloucester, GL1 5D	70 sqm	£2,611	24
Linden Road, Gloucester, GL1 5H	79 sqm	£2,495	22
Rosebery Avenue, Gloucester, GL1 5E	87 sqm	£2,458	21
Tuffley Crescent, Gloucester, GL1 5N	122 sqm	£2,528	20
Stroud Road, Gloucester, GL1 5J	124 sqm	£2,192	18
Tuffley Avenue, Gloucester, GL1 5L	125 sqm	£2,621	15
New Street, Gloucester, GL1 5A	65 sqm	£2,386	14

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Manu Marble Way, Gloucester, GL1 5Q	103 sqm	£2,847	9

Manu Marble Way, Gloucester, GL1 5Q has seen 9 new build sales in the last 4 years (average price £275,333). These new build homes typically have an internal area of 103 sqm, with an average price of £2,847 sqm. This £sqm average is £217 above the average for GL1 5. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Gloucester is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	sqm	£/sqm
4, Clegram Rd, Gloucester	£215,000 Jul-2024	91	2,362
58d, Bristol Rd, Gloucester	£108,000 Jul-2024	39	2,769
Flat 9 Granley Court, 2, Gladstone Rd, Gloucester	£112,500 Jul-2024	49	2,295

See the entire list of all sales in Gloucester (GL1 5) here.