9, OLD FURNACE CLOSE, LYDNEY, GL15 5FB - £320,000

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.

9 OLD FURNACE CLOSE is a very large extended detached house of 138m², built sometime between 1991 and 1995, which could now be worth an estimated £333,581. It was last sold for £320,000 in August 2024, which was around 18% below the average August 2024 detached price in the Forest of Dean local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was C.

9 OLD FURNACE CLOSE Sold Prices

Land registry data shows two sales for 9 OLD FURNACE 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 9 OLD FURNACE 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
2024 15 AUG	£320,000	£388,455	18% below HPI
1999 29 MAR	£58,658	£87,650	33% below HPI

9 OLD FURNACE 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 9 OLD FURNACE CLOSE sales from March 1999 and August 2024 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 March 1999 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2024 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 9 OLD FURNACE CLOSE be worth now?

9 OLD FURNACE CLOSE might now be worth an estimated £333,581.

This is based on house price inflation of 4.2%, between August 2024 and March 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 4.2% inflationary increase is applied to the most recent sale price for 9 OLD FURNACE CLOSE of £320,000 on 15th August 2024. For the value to have increased from £320,000 to £333,581 over the one year and five months to March 2025, the following assumptions must hold true:

• The value of 9 OLD FURNACE CLOSE has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The August 2024 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 9 OLD FURNACE CLOSE has not materially changed since August 2024.

How Large is 9 OLD FURNACE CLOSE?

9 OLD FURNACE CLOSE is 138m², which includes two extensions, according to the EPC inspection conducted in October 2023. This puts it in the largest 20% 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 9 OLD FURNACE CLOSE lies on this distribution: 85% of detached houses houses are smaller than 9 OLD FURNACE CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Lydney.

9 OLD FURNACE CLOSE: Plot and Title Map

9 OLD FURNACE CLOSE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 9 OLD FURNACE 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 9 OLD FURNACE 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 9 OLD FURNACE CLOSE?

9 OLD FURNACE CLOSE is located in LYDNEY, in the GL15 postcode district. The below map shows the position of No. 9 on OLD FURNACE CLOSE.