8, OAKHILL ROAD, MITCHELDEAN, GL17 0BN - £210,000

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.

8 OAKHILL ROAD is a very small detached house of 55m², built sometime between 1967 and 1975, which could now be worth an estimated £260,642. It was last sold for £210,000 in August 2020, which was around 36% below the average August 2020 detached price in the Forest of Dean local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

8 OAKHILL ROAD Sold Prices

Land registry data shows two sales for 8 OAKHILL ROAD 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 8 OAKHILL 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 7 AUG	£210,000	£326,338	36% below HPI
2016 18 AUG	£165,000	£273,076	40% below HPI

8 OAKHILL 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 two 8 OAKHILL ROAD sales from August 2016 and August 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 2016 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the August 2020 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 8 OAKHILL ROAD be worth now?

8 OAKHILL ROAD might now be worth an estimated £260,642.

This is based on house price inflation of 24.1%, between August 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 24.1% inflationary increase is applied to the most recent sale price for 8 OAKHILL ROAD of £210,000 on 7th August 2020. For the value to have increased from £210,000 to £260,642 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 8 OAKHILL ROAD has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The August 2020 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OAKHILL ROAD has not materially changed since August 2020.

How Large is 8 OAKHILL ROAD?

8 OAKHILL ROAD is 55m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of detached houses houses in Mitcheldean, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mitcheldean, and where 8 OAKHILL ROAD lies on this distribution: 1% of detached houses houses are smaller than 8 OAKHILL ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Mitcheldean.

8 OAKHILL ROAD: Plot and Title Map

8 OAKHILL ROAD sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 8 OAKHILL 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 8 OAKHILL 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 8 OAKHILL ROAD?

8 OAKHILL ROAD is located in MITCHELDEAN, in the GL17 postcode district. The below map shows the position of No. 8 on OAKHILL ROAD.