8, ASH CLOSE, LYDNEY, GL15 5NE - £197,500

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.

8 ASH CLOSE is a very small extended detached house of 72m², built sometime between 1976 and 1982, which could now be worth an estimated £241,835. It was last sold for £197,500 in September 2020, which was around 40% below the average September 2020 detached price in the Forest of Dean local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

8 ASH CLOSE Sold Prices

Land registry data shows three sales for 8 ASH CLOSE 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 8 ASH 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
2020 11 SEP	£197,500	£330,781	40% below HPI
2018 24 AUG	£179,950	£312,234	42% below HPI
2003 23 APR	£110,000	£163,639	33% below HPI

8 ASH 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 three 8 ASH CLOSE sales between April 2003 and September 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 August 2018 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the September 2020 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 8 ASH CLOSE be worth now?

8 ASH CLOSE might now be worth an estimated £241,835.

This is based on house price inflation of 22.4%, between September 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 22.4% inflationary increase is applied to the most recent sale price for 8 ASH CLOSE of £197,500 on 11th September 2020. For the value to have increased from £197,500 to £241,835 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 ASH CLOSE has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The September 2020 sale price of £197,500 represented a fair market value for the property.
• The size, condition, and specification of 8 ASH CLOSE has not materially changed since September 2020.

How Large is 8 ASH CLOSE?

8 ASH CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 10% 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 8 ASH CLOSE lies on this distribution: 9% of detached houses houses are smaller than 8 ASH CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Lydney.

8 ASH CLOSE: Plot and Title Map

8 ASH CLOSE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 8 ASH 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 8 ASH 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 8 ASH CLOSE?

8 ASH CLOSE is located in LYDNEY, in the GL15 postcode district. The below map shows the position of No. 8 on ASH CLOSE.