2, ROMAN WAY, COLEFORD, GL16 8RN - £246,000

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 ROMAN WAY is a very small detached house of 83m², built sometime between 1983 and 1990. It was last sold for £246,000 in May 2024, which was around 34% below the average May 2024 detached price in the Forest of Dean local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

2 ROMAN WAY Sold Prices

Land registry data shows three sales for 2 ROMAN WAY 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. All of the three 2 ROMAN 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
2024 1 MAY	£246,000	£373,825	34% below HPI
2009 18 DEC	£155,000	£225,563	31% below HPI
1997 22 DEC	£65,000	£84,129	23% below HPI

2 ROMAN 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 three 2 ROMAN WAY sales between December 1997 and May 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 December 2009 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2024 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 2 ROMAN WAY be worth now?

2 ROMAN WAY might now be worth an estimated £251,396.

This is based on house price inflation of 2.2%, between May 2024 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 2.2% inflationary increase is applied to the most recent sale price for 2 ROMAN WAY of £246,000 on 1st May 2024. For the value to have increased from £246,000 to £251,396 over the five months to December 2024, the following assumptions must hold true:

• The value of 2 ROMAN WAY has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The May 2024 sale price of £246,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ROMAN WAY has not materially changed since May 2024.

How Large is 2 ROMAN WAY?

2 ROMAN WAY is 83m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% 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 ROMAN WAY lies on this distribution: 20% of detached houses houses are smaller than 2 ROMAN WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Coleford.

2 ROMAN WAY: Plot and Title Map

2 ROMAN WAY sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 2 ROMAN 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 2 ROMAN 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 2 ROMAN WAY?

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