BANKSIDE, LOWER ROAD, SOUDLEY, CINDERFORD, GL14 2TZ - £180,000

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.

BANKSIDE is a very small detached house of 45m², built sometime between 1983 and 1990, which could now be worth an estimated £234,327. It was last sold for £180,000 in January 2019, which was around 42% below the average January 2019 detached price in the Forest of Dean local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

BANKSIDE Sold Prices

Land registry data shows three sales for BANKSIDE 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 BANKSIDE 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
2019 11 JAN	£180,000	£311,131	42% below HPI
2015 17 JUL	£165,000	£239,816	31% below HPI
1998 9 JUL	£54,000	£89,746	40% below HPI

BANKSIDE 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 BANKSIDE sales between July 1998 and January 2019 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 July 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the January 2019 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might BANKSIDE be worth now?

BANKSIDE might now be worth an estimated £234,327.

This is based on house price inflation of 30.2%, between January 2019 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 30.2% inflationary increase is applied to the most recent sale price for BANKSIDE of £180,000 on 11th January 2019. For the value to have increased from £180,000 to £234,327 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of BANKSIDE has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The January 2019 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of BANKSIDE has not materially changed since January 2019.

How Large is BANKSIDE?

BANKSIDE is 45m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of detached houses houses in Upper Soudley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Upper Soudley, and where BANKSIDE lies on this distribution: Less than 1% of detached houses houses are smaller than BANKSIDE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Upper Soudley.

BANKSIDE: Plot and Title Map

BANKSIDE sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of BANKSIDE, 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 BANKSIDE). 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 BANKSIDE?

BANKSIDE is located on LOWER ROAD in SOUDLEY, in the GL14 postcode district. The below map shows the position of BANKSIDE on LOWER ROAD.