FOREST VIEW, GROVE LANE, LYDNEY, GL15 5SU - £230,000

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.

FOREST VIEW is a large extended detached house of 120m², built sometime between 1967 and 1975, which could now be worth an estimated £362,388. It was last sold for £230,000 in June 2016, which was around 11% below the average June 2016 detached price in the Forest of Dean local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

FOREST VIEW Sold Prices

Land registry data shows two sales for FOREST VIEW 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 FOREST VIEW 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
2016 20 JUN	£230,000	£257,067	11% below HPI
2006 18 OCT	£175,000	£240,892	27% below HPI

FOREST VIEW 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 FOREST VIEW sales from October 2006 and June 2016 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 October 2006 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2016 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might FOREST VIEW be worth now?

FOREST VIEW might now be worth an estimated £362,388.

This is based on house price inflation of 57.6%, between June 2016 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 57.6% inflationary increase is applied to the most recent sale price for FOREST VIEW of £230,000 on 20th June 2016. For the value to have increased from £230,000 to £362,388 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of FOREST VIEW has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The June 2016 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of FOREST VIEW has not materially changed since June 2016.

How Large is FOREST VIEW?

FOREST VIEW is 120m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the largest 30% of detached houses houses in Lydney, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lydney, and where FOREST VIEW lies on this distribution: 70% of detached houses houses are smaller than FOREST VIEW, and 29% of houses are larger. Note that EPC data is not available for all properties in Lydney.

FOREST VIEW: Plot and Title Map

FOREST VIEW sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of FOREST VIEW, 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 FOREST VIEW). 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 FOREST VIEW?

FOREST VIEW is located on GROVE LANE in LYDNEY, in the GL15 postcode district. The below map shows the position of FOREST VIEW on GROVE LANE.