2, PARK ROAD, COLEFORD, GL16 8AX - £235,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 PARK ROAD is a small extended detached house of 107m², built sometime between 1967 and 1975. It was last sold for £235,000 in September 2005, which was around 2% above the average September 2005 detached price in the Forest of Dean local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

2 PARK ROAD Sold Prices

Land registry data shows three sales for 2 PARK ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. One of the three 2 PARK ROAD sales was for above the average price, whilst two 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
2005 16 SEP	£235,000	£229,788	2% above HPI
2003 27 JUN	£147,000	£177,548	17% below HPI
1997 14 NOV	£51,500	£82,543	38% below HPI

2 PARK 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 three 2 PARK ROAD sales between November 1997 and September 2005 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 June 2003 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the September 2005 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 2 PARK ROAD be worth now?

2 PARK ROAD might now be worth an estimated £390,690.

This is based on house price inflation of 66.3%, between September 2005 and December 2024, for detached houses, in the Forest of Dean local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.3% inflationary increase is applied to the most recent sale price for 2 PARK ROAD of £235,000 on 16th September 2005. For the value to have increased from £235,000 to £390,690 over the eighteen years and nine months to December 2024, the following assumptions must hold true:

• The value of 2 PARK ROAD has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The September 2005 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK ROAD has not materially changed since September 2005.

How Large is 2 PARK ROAD?

2 PARK ROAD is 107m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 40% of detached houses houses in Coleford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coleford, and where 2 PARK ROAD lies on this distribution: 39% of detached houses houses are smaller than 2 PARK ROAD, and 61% of houses are larger. Note that EPC data is not available for all properties in Coleford.

2 PARK ROAD: Plot and Title Map

2 PARK ROAD sits on a plot of roughly 0.130 of an acre, or 528m². The below map shows the location of 2 PARK 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 2 PARK 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 2 PARK ROAD?

2 PARK ROAD is located in COLEFORD, in the GL16 postcode district. The below map shows the position of No. 2 on PARK ROAD.