12, FOREST ROAD, MILKWALL, COLEFORD, GL16 7LB - £370,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 FOREST ROAD is a small detached house of 94m², built in 2023. It was last sold for £370,000 in July 2024, which was around 9% below the average July 2024 detached price in the Forest of Dean local authority area. The most recent EPC inspection was November 2023, where the current energy rating was B, and the potential energy rating was A.

12 FOREST ROAD Sold Prices

Land registry data shows two sales for 12 FOREST ROAD 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 12 FOREST ROAD sales were for below 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
2024 4 JUL	£370,000	£404,823	9% below HPI
2021 16 APR	£210,000	£338,085	38% below HPI

12 FOREST ROAD 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 12 FOREST ROAD sales from April 2021 and July 2024 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 April 2021 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the July 2024 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 12 FOREST ROAD?

12 FOREST ROAD is 94m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 30% of detached houses in Milkwall, based on EPC data. The below chart shows the distribution of detached houses by size in Milkwall, and where 12 FOREST ROAD lies on this distribution: 22% of detached houses are smaller than 12 FOREST ROAD, and 78% of houses are larger. Note that EPC data is not available for all properties in Milkwall.

12 FOREST ROAD: Plot and Title Map

12 FOREST ROAD sits on a plot of roughly 0.356 of an acre, or 1,442m². The below map shows the location of 12 FOREST ROAD, 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 12 FOREST ROAD). 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 12 FOREST ROAD?

12 FOREST ROAD is located in MILKWALL, in the GL16 postcode district. The below map shows the position of No. 12 on FOREST ROAD.