BELVEDERE, ELLWOOD ROAD, MILKWALL, COLEFORD, GL16 7LE - £265,000

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.

BELVEDERE is a midsized extended detached house of 112m², built sometime between 1930 and 1949, which could now be worth an estimated £472,351. It was last sold for £265,000 in September 2012, which was around 17% above the average September 2012 detached price in the Forest of Dean local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

BELVEDERE Sold Prices

Land registry data shows two sales for BELVEDERE 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. One of the two BELVEDERE sales was for above the average price, whilst the other was 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
2012 14 SEP	£265,000	£227,234	17% above HPI
2004 9 JUL	£177,000	£207,543	15% below HPI

BELVEDERE 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 BELVEDERE sales from July 2004 and September 2012 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 2004 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2012 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might BELVEDERE be worth now?

BELVEDERE might now be worth an estimated £472,351.

This is based on house price inflation of 78.2%, between September 2012 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 78.2% inflationary increase is applied to the most recent sale price for BELVEDERE of £265,000 on 14th September 2012. For the value to have increased from £265,000 to £472,351 over the thirteen years and seven months to February 2025, the following assumptions must hold true:

• The value of BELVEDERE has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The September 2012 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of BELVEDERE has not materially changed since September 2012.

How Large is BELVEDERE?

BELVEDERE is 112m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the smallest 50% of detached houses houses in Milkwall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milkwall, and where BELVEDERE lies on this distribution: 41% of detached houses houses are smaller than BELVEDERE, and 59% of houses are larger. Note that EPC data is not available for all properties in Milkwall.

BELVEDERE: Plot and Title Map

BELVEDERE sits on a plot of roughly 0.166 of an acre, or 671m². The below map shows the location of BELVEDERE, 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 BELVEDERE). 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 BELVEDERE?

BELVEDERE is located on ELLWOOD ROAD in MILKWALL, in the GL16 postcode district. The below map shows the position of BELVEDERE on ELLWOOD ROAD.