5, NERO CLOSE, LYDNEY, GL15 5NW - £181,000

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.

5 NERO CLOSE is a midsized detached house of 110m², built sometime between 1996 and 2002, which could now be worth an estimated £294,605. It was last sold for £181,000 in February 2007, which was around 27% below the average February 2007 detached price in the Forest of Dean local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

5 NERO CLOSE Sold Prices

Land registry data shows four sales for 5 NERO CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. All of the four 5 NERO 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
2007 28 FEB	£181,000	£248,846	27% below HPI
2002 20 NOV	£130,000	£157,978	18% below HPI
1999 15 DEC	£77,500	£101,766	24% below HPI
1997 27 JUN	£71,995	£83,891	14% below HPI

5 NERO 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 four 5 NERO CLOSE sales between June 1997 and February 2007 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 November 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2007 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 5 NERO CLOSE be worth now?

5 NERO CLOSE might now be worth an estimated £294,605.

This is based on house price inflation of 62.8%, between February 2007 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 62.8% inflationary increase is applied to the most recent sale price for 5 NERO CLOSE of £181,000 on 28th February 2007. For the value to have increased from £181,000 to £294,605 over the eighteen years to February 2025, the following assumptions must hold true:

• The value of 5 NERO CLOSE has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The February 2007 sale price of £181,000 represented a fair market value for the property.
• The size, condition, and specification of 5 NERO CLOSE has not materially changed since February 2007.

How Large is 5 NERO CLOSE?

5 NERO CLOSE is 110m² according to the EPC inspection conducted in May 2015. This puts it in the largest 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 5 NERO CLOSE lies on this distribution: 57% of detached houses houses are smaller than 5 NERO CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Lydney.

5 NERO CLOSE: Plot and Title Map

5 NERO CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 5 NERO 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 NERO 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 NERO CLOSE?

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