3, IRONWORKS CLOSE, CINDERFORD, GL14 2GD - £205,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 IRONWORKS CLOSE is a small detached house of 82m², which could now be worth an estimated £241,999. It was last sold for £205,000 in February 2021, which was around 40% below the average February 2021 detached price in the Forest of Dean local authority area. The most recent EPC inspection was May 2015, where the current energy rating was B, and the potential energy rating was B.

3 IRONWORKS CLOSE Sold Prices

Land registry data shows two sales for 3 IRONWORKS CLOSE 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 3 IRONWORKS CLOSE 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
2021 5 FEB	£205,000	£343,109	40% below HPI
2016 27 MAY	£169,995	£256,544	34% below HPI

3 IRONWORKS CLOSE 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 3 IRONWORKS CLOSE sales from May 2016 and February 2021 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 May 2016 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the February 2021 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 3 IRONWORKS CLOSE be worth now?

3 IRONWORKS CLOSE might now be worth an estimated £241,999.

This is based on house price inflation of 18%, between February 2021 and February 2025, 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 18% inflationary increase is applied to the most recent sale price for 3 IRONWORKS CLOSE of £205,000 on 5th February 2021. For the value to have increased from £205,000 to £241,999 over the four years to February 2025, the following assumptions must hold true:

• The value of 3 IRONWORKS CLOSE has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The February 2021 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 3 IRONWORKS CLOSE has not materially changed since February 2021.

How Large is 3 IRONWORKS CLOSE?

3 IRONWORKS CLOSE is 82m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 30% of detached houses houses in Cinderford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cinderford, and where 3 IRONWORKS CLOSE lies on this distribution: 29% of detached houses houses are smaller than 3 IRONWORKS CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Cinderford.

3 IRONWORKS CLOSE: Plot and Title Map

3 IRONWORKS CLOSE sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of 3 IRONWORKS CLOSE, 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 IRONWORKS CLOSE). 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 IRONWORKS CLOSE?

3 IRONWORKS CLOSE is located in CINDERFORD, in the GL14 postcode district. The below map shows the position of No. 3 on IRONWORKS CLOSE.