3, MELVILLE WATTS CLOSE, LYDNEY, GL15 5FQ - £282,500

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 MELVILLE WATTS CLOSE is a small detached house of 97m², which could now be worth an estimated £289,301. It was last sold for £282,500 in September 2022, which was around 29% below the average September 2022 detached price in the Forest of Dean local authority area. The most recent EPC inspection was June 2019, where the current energy rating was B, and the potential energy rating was A.

3 MELVILLE WATTS CLOSE Sold Prices

Land registry data shows two sales for 3 MELVILLE WATTS 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 MELVILLE WATTS 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
2022 1 SEP	£282,500	£395,513	29% below HPI
2019 28 JUN	£262,995	£314,023	16% below HPI

3 MELVILLE WATTS 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 MELVILLE WATTS CLOSE sales from June 2019 and September 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 June 2019 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2022 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 3 MELVILLE WATTS CLOSE be worth now?

3 MELVILLE WATTS CLOSE might now be worth an estimated £289,301.

This is based on house price inflation of 2.4%, between September 2022 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 2.4% inflationary increase is applied to the most recent sale price for 3 MELVILLE WATTS CLOSE of £282,500 on 1st September 2022. For the value to have increased from £282,500 to £289,301 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 MELVILLE WATTS CLOSE has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The September 2022 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of 3 MELVILLE WATTS CLOSE has not materially changed since September 2022.

How Large is 3 MELVILLE WATTS CLOSE?

3 MELVILLE WATTS CLOSE is 97m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 40% of detached houses houses in Lydney, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lydney, and where 3 MELVILLE WATTS CLOSE lies on this distribution: 39% of detached houses houses are smaller than 3 MELVILLE WATTS CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Lydney.

3 MELVILLE WATTS CLOSE: Plot and Title Map

3 MELVILLE WATTS CLOSE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 3 MELVILLE WATTS 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 MELVILLE WATTS 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 MELVILLE WATTS CLOSE?

3 MELVILLE WATTS CLOSE is located in LYDNEY, in the GL15 postcode district. The below map shows the position of No. 3 on MELVILLE WATTS CLOSE.