5, MELVILLE WATTS CLOSE, LYDNEY, GL15 5FQ - £405,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 MELVILLE WATTS CLOSE is a large detached house of 129m². It was last sold for £405,000 in August 2023, which was around 3% above the average August 2023 detached price in the Forest of Dean local authority area. The most recent EPC inspection was August 2019, where the current energy rating was B, and the potential energy rating was A.

5 MELVILLE WATTS CLOSE Sold Prices

Land registry data shows two sales for 5 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 5 MELVILLE WATTS CLOSE sales were for above 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 10 AUG	£405,000	£392,279	3% above HPI
2019 30 AUG	£338,995	£319,280	6% above HPI

5 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 5 MELVILLE WATTS CLOSE sales from August 2019 and August 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 August 2019 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the August 2023 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 5 MELVILLE WATTS CLOSE?

5 MELVILLE WATTS CLOSE is 129m² according to the EPC inspection conducted in August 2019. This puts it in the largest 20% of detached houses in Lydney, based on EPC data. The below chart shows the distribution of detached houses by size in Lydney, and where 5 MELVILLE WATTS CLOSE lies on this distribution: 79% of detached houses are smaller than 5 MELVILLE WATTS CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Lydney.

5 MELVILLE WATTS CLOSE: Plot and Title Map

5 MELVILLE WATTS CLOSE sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 5 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 5 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 5 MELVILLE WATTS CLOSE?

5 MELVILLE WATTS CLOSE is located in LYDNEY, in the GL15 postcode district. The below map shows the position of No. 5 on MELVILLE WATTS CLOSE.