EUREKA, BRADFORDS LANE, NEWENT, GL18 1QS - £265,000

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

EUREKA is a very small detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £318,915. It was last sold for £265,000 in August 2019, which was around 17% below the average August 2019 detached price in the Forest of Dean local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

EUREKA Sold Prices

Land registry data shows two sales for EUREKA 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 EUREKA 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
2019 30 AUG	£265,000	£317,441	17% below HPI
2017 30 JUN	£270,000	£273,478	1% below HPI

EUREKA 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 EUREKA sales from June 2017 and August 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 2017 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2019 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might EUREKA be worth now?

EUREKA might now be worth an estimated £318,915.

This is based on house price inflation of 20.3%, between August 2019 and December 2024, 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 20.3% inflationary increase is applied to the most recent sale price for EUREKA of £265,000 on 30th August 2019. For the value to have increased from £265,000 to £318,915 over the four years and eight months to December 2024, the following assumptions must hold true:

• The value of EUREKA has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The August 2019 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of EUREKA has not materially changed since August 2019.

How Large is EUREKA?

EUREKA is 87m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 20% of detached houses houses in Newent, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newent, and where EUREKA lies on this distribution: 16% of detached houses houses are smaller than EUREKA, and 84% of houses are larger. Note that EPC data is not available for all properties in Newent.

EUREKA: Plot and Title Map

EUREKA sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of EUREKA, 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 EUREKA). 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 EUREKA?

EUREKA is located on BRADFORDS LANE in NEWENT, in the GL18 postcode district. The below map shows the position of EUREKA on BRADFORDS LANE.