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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

CRAIGNESS is a very large extended detached house of 227m², built sometime before 1900. It was last sold for £392,500 in March 2019, which was around 25% 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	£312,888	25% above HPI
2001 15 JUN	£45,000	£122,160	63% below HPI
1999 19 FEB	£85,000	£90,127	6% 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 25% above the HPI. The line then continues to track at 25% above the HPI.

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 in Milkwall, based on EPC data. The below chart shows the distribution of detached houses by size in Milkwall, and where CRAIGNESS lies on this distribution: 98% of detached 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.