CRAIGNESS, STATION ROAD, MILKWALL, COLEFORD, GL16 7LJ - £392,500

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.

CRAIGNESS is a very large extended detached house of 227m², built sometime before 1900, which could now be worth an estimated £511,038. It was last sold for £392,500 in March 2019, which was around 26% above the average March 2019 detached price in the Forest of Dean local authority area. The most recent EPC inspection was September 2017, where the current energy rating was F, and the potential energy rating was D.

CRAIGNESS Sold Prices

Land registry data shows three sales for CRAIGNESS 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. One of the three CRAIGNESS sales was for above the average price, whilst two 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 15 MAR	£392,500	£311,085	26% above HPI
2001 15 JUN	£45,000	£121,456	63% below HPI
1999 19 FEB	£85,000	£89,607	5% below HPI

CRAIGNESS 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 CRAIGNESS sales between February 1999 and March 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 June 2001 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the March 2019 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might CRAIGNESS be worth now?

CRAIGNESS might now be worth an estimated £511,038.

This is based on house price inflation of 30.2%, between March 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 CRAIGNESS of £392,500 on 15th March 2019. For the value to have increased from £392,500 to £511,038 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of CRAIGNESS has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The March 2019 sale price of £392,500 represented a fair market value for the property.
• The size, condition, and specification of CRAIGNESS has not materially changed since March 2019.

How Large is CRAIGNESS?

CRAIGNESS is 227m², which includes two extensions, according to the EPC inspection conducted in September 2017. This puts it in the largest 10% 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 CRAIGNESS lies on this distribution: 98% of detached houses houses are smaller than CRAIGNESS, and 2% of houses are larger. Note that EPC data is not available for all properties in Milkwall.

CRAIGNESS: Plot and Title Map

CRAIGNESS sits on a plot of roughly 0.247 of an acre, or 999m². The below map shows the location of CRAIGNESS, 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 CRAIGNESS). 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 CRAIGNESS?

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