7, MICHAELS WAY, SLING, COLEFORD, GL16 8LZ - £212,000

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.

7 MICHAELS WAY is a midsized extended semi-detached house of 98m², built sometime between 1976 and 1982, which could now be worth an estimated £230,111. It was last sold for £212,000 in November 2023, which was around 12% below the average November 2023 semi-detached price in the Forest of Dean local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

7 MICHAELS WAY Sold Prices

Land registry data shows two sales for 7 MICHAELS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Forest of Dean local authority area for the corresponding sale date. Both of the two 7 MICHAELS WAY 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
2023 30 NOV	£212,000	£240,631	12% below HPI
2006 7 APR	£137,000	£157,115	13% below HPI

7 MICHAELS WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Forest of Dean local authority area over time, sourced from the HPI. The two 7 MICHAELS WAY sales from April 2006 and November 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 April 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2023 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 7 MICHAELS WAY be worth now?

7 MICHAELS WAY might now be worth an estimated £230,111.

This is based on house price inflation of 8.5%, between November 2023 and February 2025, for semi-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 8.5% inflationary increase is applied to the most recent sale price for 7 MICHAELS WAY of £212,000 on 30th November 2023. For the value to have increased from £212,000 to £230,111 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of 7 MICHAELS WAY has moved in line with the HPI for semi-detached houses in the Forest of Dean local authority area.
• The November 2023 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MICHAELS WAY has not materially changed since November 2023.

How Large is 7 MICHAELS WAY?

7 MICHAELS WAY is 98m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the smallest 50% of semi-detached houses houses in Sling, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Sling, and where 7 MICHAELS WAY lies on this distribution: 47% of semi-detached houses houses are smaller than 7 MICHAELS WAY, and 52% of houses are larger. Note that EPC data is not available for all properties in Sling.

7 MICHAELS WAY: Plot and Title Map

7 MICHAELS WAY sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 7 MICHAELS WAY, 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 7 MICHAELS WAY). 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 7 MICHAELS WAY?

7 MICHAELS WAY is located in SLING, in the GL16 postcode district. The below map shows the position of No. 7 on MICHAELS WAY.