3, FRIARS WALK, NEWENT, GL18 1TG - £340,000

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

3 FRIARS WALK is a very small detached house of 42m², built sometime between 1967 and 1975, which could now be worth an estimated £339,262. It was last sold for £340,000 in September 2023, which was around 11% below the average September 2023 detached price in the Forest of Dean local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

3 FRIARS WALK Sold Prices

Land registry data shows five sales for 3 FRIARS WALK since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. All of the five 3 FRIARS WALK 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
2023 15 SEP	£340,000	£382,856	11% below HPI
2021 16 DEC	£265,000	£353,747	25% below HPI
2013 18 FEB	£163,000	£221,660	26% below HPI
2003 10 MAR	£127,000	£169,568	25% below HPI
2001 22 JUN	£112,000	£121,456	8% below HPI

3 FRIARS WALK 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 five 3 FRIARS WALK sales between June 2001 and September 2023 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 2021 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2023 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 3 FRIARS WALK be worth now?

3 FRIARS WALK might now be worth an estimated £339,262.

This is based on house price deflation of 0.2%, between September 2023 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 0.2% deflationary decrease is applied to the most recent sale price for 3 FRIARS WALK of £340,000 on 15th September 2023. For the value to have decreased from £340,000 to £339,262 over the nine months to December 2024, the following assumptions must hold true:

• The value of 3 FRIARS WALK has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The September 2023 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FRIARS WALK has not materially changed since September 2023.

How Large is 3 FRIARS WALK?

3 FRIARS WALK is 42m² according to the EPC inspection conducted in December 2022. This puts it in the smallest 10% of detached houses houses in Newent, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newent, and where 3 FRIARS WALK lies on this distribution: Less than 1% of detached houses houses are smaller than 3 FRIARS WALK, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Newent.

3 FRIARS WALK: Plot and Title Map

3 FRIARS WALK sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 3 FRIARS WALK, 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 3 FRIARS WALK). 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 3 FRIARS WALK?

3 FRIARS WALK is located in NEWENT, in the GL18 postcode district. The below map shows the position of No. 3 on FRIARS WALK.