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Gloucestershire Business News

Gloucestershire saw 172 property sales over £1m in the last 12 months

Gloucestershire is said to be positioned number 25 across England, Wales and Scotland as having the most amount sales over the £1 million price point.

Latest research by Property Solvers has revealed that there were 172 residential home sales with a value of over £1 million pounds across the Gloucestershire (GL) postcodes from September 2021 up to September 2022.

Using HM Land Registry sold house price statistics, the home buying company and local auctioneer reported the total value of these sales arrived at £255,927,285.

Relative to the same period in 2020-21, this represented an decrease of 52 per cent (from £435.23 million).

In terms of number of properties sold, this puts Gloucester in position number 25 across England, Wales and Scotland - above Bristol and below Harrow.

Below are some of the most expensive properties sold across Gloucester (GL) over the last year:

Address - Sold Price

  • Oxleaze Farm Lane, Cheltenham, GL54 1HR - £4,380,000
  • Far Wells Road, Bisley, Gloucestershire GL6 7AQ - £4,000,000
  • Charlton Kings, Gloucestershire GL53 8HT - £3,800,000
  • Charlton Park Gate, Gloucestershire GL53 7DJ - £3,500,000
  • Chipping Campden, Gloucestershire GL55 6DL - £3,100,000
  • Victoria Road, Quenington, Cirencester, GL7 5BW - £2,950,000
  • Cheltenham, Gloucestershire GL50 3AY - £2,850,000
  • Chipping Campden, Gloucestershire GL55 6XB - £2,750,000
  • Moorend Park Road, Gloucestershire GL53 0JY - £2,700,000
  • Moreton-in-marsh, Gloucestershire GL56 9BW - £2,600,000

Property Solvers co-founder Ruban Selvanayagam said: "Although there remains a fairly healthy volume of sales in this price bracket, such a pronounced drop would suggest that buyer appetite for these types of homes is decreasing."

"£1 million+ properties - even for the wealthy - are major commitment and indeed affected by the wider economy.

"With continued inflationary pressures and rising interest rates as a result, it would not be too much of a surprise to see a continued cooling off across the high-end property market in the coming year at least."

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