38, SOMERSET ROAD, CINDERFORD, GL14 2HB - £218,000

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.

38 SOMERSET ROAD is a midsized detached house of 99m², built sometime before 1900, which could now be worth an estimated £271,052. It was last sold for £218,000 in July 2020, which was around 33% below the average July 2020 detached price in the Forest of Dean local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

38 SOMERSET ROAD Sold Prices

Land registry data shows three sales for 38 SOMERSET 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. All of the three 38 SOMERSET ROAD 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
2020 10 JUL	£218,000	£325,759	33% below HPI
2006 5 JUN	£195,000	£229,421	15% below HPI
2000 15 SEP	£92,499	£119,530	23% below HPI

38 SOMERSET 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 38 SOMERSET ROAD sales between September 2000 and July 2020 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 2006 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2020 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 38 SOMERSET ROAD be worth now?

38 SOMERSET ROAD might now be worth an estimated £271,052.

This is based on house price inflation of 24.3%, between July 2020 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 24.3% inflationary increase is applied to the most recent sale price for 38 SOMERSET ROAD of £218,000 on 10th July 2020. For the value to have increased from £218,000 to £271,052 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 38 SOMERSET ROAD has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The July 2020 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 38 SOMERSET ROAD has not materially changed since July 2020.

How Large is 38 SOMERSET ROAD?

38 SOMERSET ROAD is 99m² according to the EPC inspection conducted in February 2019. This puts it in the largest 50% 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 38 SOMERSET ROAD lies on this distribution: 51% of detached houses houses are smaller than 38 SOMERSET ROAD, and 48% of houses are larger. Note that EPC data is not available for all properties in Cinderford.

38 SOMERSET ROAD: Plot and Title Map

38 SOMERSET ROAD sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of 38 SOMERSET 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 38 SOMERSET 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 38 SOMERSET ROAD?

38 SOMERSET ROAD is located in CINDERFORD, in the GL14 postcode district. The below map shows the position of No. 38 on SOMERSET ROAD.