BYWAYS, ELLWOOD, COLEFORD, GL16 7LY - £329,950

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.

BYWAYS is a small detached house of 100m², built sometime between 1967 and 1975, which could now be worth an estimated £349,064. It was last sold for £329,950 in September 2023, which was around 14% below the average September 2023 detached price in the Forest of Dean local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

BYWAYS Sold Prices

Land registry data shows two sales for BYWAYS 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 BYWAYS 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
2023 20 SEP	£329,950	£382,856	14% below HPI
1999 31 AUG	£45,000	£97,952	54% below HPI

BYWAYS 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 BYWAYS sales from August 1999 and September 2023 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 1999 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the September 2023 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might BYWAYS be worth now?

BYWAYS might now be worth an estimated £349,064.

This is based on house price inflation of 5.8%, between September 2023 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 5.8% inflationary increase is applied to the most recent sale price for BYWAYS of £329,950 on 20th September 2023. For the value to have increased from £329,950 to £349,064 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of BYWAYS has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The September 2023 sale price of £329,950 represented a fair market value for the property.
• The size, condition, and specification of BYWAYS has not materially changed since September 2023.

How Large is BYWAYS?

BYWAYS is 100m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 30% of detached houses houses in Ellwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ellwood, and where BYWAYS lies on this distribution: 27% of detached houses houses are smaller than BYWAYS, and 73% of houses are larger. Note that EPC data is not available for all properties in Ellwood.

BYWAYS: Plot and Title Map

BYWAYS sits on a plot of roughly 0.148 of an acre, or 599m². The below map shows the location of BYWAYS, 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 BYWAYS). 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 BYWAYS?

BYWAYS is located in ELLWOOD, in the GL16 postcode district. The below map shows the position of BYWAYS in ELLWOOD.