THE SMITHY, CULVER STREET, NEWENT, GL18 1JE - £395,000

THE SMITHY is a very large extended detached house of 153m², built sometime before 1900. It was last sold for £395,000 in May 2011, which was around 69% above the average May 2011 detached price in the Forest of Dean local authority area. The most recent EPC inspection was March 2011, where the current energy rating was G, and the potential energy rating was G.

THE SMITHY Sold Prices

Land registry data shows two sales for THE SMITHY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. Both of the two THE SMITHY sales 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
2011 6 MAY	£395,000	£234,070	69% above HPI
1997 22 AUG	£136,100	£85,420	59% above HPI

THE SMITHY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Forest of Dean local authority area over time, sourced from the HPI. The two THE SMITHY sales from August 1997 and May 2011 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 August 1997 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the May 2011 sale, where it rises to 69% above the HPI. The line then continues to track at 69% above the HPI.

How Large is THE SMITHY?

THE SMITHY is 153m², which includes two extensions, according to the EPC inspection conducted in March 2011. This puts it in the largest 20% of detached houses in Newent, based on EPC data. The below chart shows the distribution of detached houses by size in Newent, and where THE SMITHY lies on this distribution: 87% of detached houses are smaller than THE SMITHY, and 13% of houses are larger. Note that EPC data is not available for all properties in Newent.

THE SMITHY: Plot and Title Map

THE SMITHY sits on a plot of roughly 0.438 of an acre, or 1,774m². The below map shows the location of THE SMITHY, 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 SMITHY). 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 SMITHY?

THE SMITHY is located on CULVER STREET in NEWENT, in the GL18 postcode district. The below map shows the position of THE SMITHY on CULVER STREET.