CHANCE HOUSE, NETHEREND, WOOLASTON, LYDNEY, GL15 6NS - £529,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

CHANCE HOUSE is a very large extended detached house of 200m², built sometime between 1976 and 1982, which could now be worth an estimated £638,723. It was last sold for £529,000 in November 2020, which was around 58% above the average November 2020 detached price in the Forest of Dean local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was C.

CHANCE HOUSE Sold Prices

Land registry data shows two sales for CHANCE HOUSE 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 CHANCE HOUSE sales were for above 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 20 NOV	£529,000	£335,456	58% above HPI
2000 26 MAY	£228,000	£104,446	118% above HPI

CHANCE HOUSE 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 CHANCE HOUSE sales from May 2000 and November 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 May 2000 sale was for 118% above the HPI. So the extrapolation line tracks at 118% above the HPI over time, until the November 2020 sale, where it falls to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might CHANCE HOUSE be worth now?

CHANCE HOUSE might now be worth an estimated £638,723.

This is based on house price inflation of 20.7%, between November 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 20.7% inflationary increase is applied to the most recent sale price for CHANCE HOUSE of £529,000 on 20th November 2020. For the value to have increased from £529,000 to £638,723 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of CHANCE HOUSE has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The November 2020 sale price of £529,000 represented a fair market value for the property.
• The size, condition, and specification of CHANCE HOUSE has not materially changed since November 2020.

How Large is CHANCE HOUSE?

CHANCE HOUSE is 200m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 20% of detached houses houses in Woolaston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woolaston, and where CHANCE HOUSE lies on this distribution: 89% of detached houses houses are smaller than CHANCE HOUSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Woolaston.

CHANCE HOUSE: Plot and Title Map

CHANCE HOUSE sits on a plot of roughly 0.353 of an acre, or 1,430m². The below map shows the location of CHANCE HOUSE, 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 CHANCE HOUSE). 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 CHANCE HOUSE?

CHANCE HOUSE is located on NETHEREND in WOOLASTON, in the GL15 postcode district. The below map shows the position of CHANCE HOUSE on NETHEREND.