12, MICHAELS WAY, SLING, COLEFORD, GL16 8LZ - £230,000

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 MICHAELS WAY is a small extended detached house of 80m², built sometime between 1991 and 1995. It was last sold for £230,000 in May 2022, which was around 38% below the average May 2022 detached price in the Forest of Dean local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

12 MICHAELS WAY Sold Prices

Land registry data shows four sales for 12 MICHAELS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. All of the four 12 MICHAELS WAY 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
2022 25 MAY	£230,000	£372,066	38% below HPI
2002 2 AUG	£96,000	£153,389	37% below HPI
1999 29 OCT	£51,750	£100,992	49% below HPI
1995 4 APR	£39,000	£69,861	44% below HPI

12 MICHAELS WAY 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 four 12 MICHAELS WAY sales between April 1995 and May 2022 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 2002 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2022 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 12 MICHAELS WAY?

12 MICHAELS WAY is 80m², which includes two extensions, according to the EPC inspection conducted in December 2021. This puts it in the smallest 30% of detached houses in Sling, based on EPC data. The below chart shows the distribution of detached houses by size in Sling, and where 12 MICHAELS WAY lies on this distribution: 26% of detached houses are smaller than 12 MICHAELS WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Sling.

12 MICHAELS WAY: Plot and Title Map

12 MICHAELS WAY sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 12 MICHAELS WAY, 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 MICHAELS WAY). 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 MICHAELS WAY?

12 MICHAELS WAY is located in SLING, in the GL16 postcode district. The below map shows the position of No. 12 on MICHAELS WAY.