GROVE COTTAGE, UPPER ROAD, PILLOWELL, LYDNEY, GL15 4RD - £305,000

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

GROVE COTTAGE is a large extended detached house of 137m², built sometime before 1900. It was last sold for £305,000 in September 2015, which was around 20% above the average September 2015 detached price in the Forest of Dean local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

GROVE COTTAGE Sold Prices

Land registry data shows four sales for GROVE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. two of the four GROVE COTTAGE sales were for above the average price, and four 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
2015 11 SEP	£305,000	£254,582	20% above HPI
2006 15 DEC	£312,000	£255,254	22% above HPI
2002 18 SEP	£96,500	£157,144	39% below HPI
1997 12 DEC	£50,000	£84,616	41% below HPI

GROVE COTTAGE 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 four GROVE COTTAGE sales between December 1997 and September 2015 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 December 2006 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the September 2015 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is GROVE COTTAGE?

GROVE COTTAGE is 137m², which includes three extensions, according to the EPC inspection conducted in July 2012. This puts it in the largest 40% of detached houses in Yorkley, based on EPC data. The below chart shows the distribution of detached houses by size in Yorkley, and where GROVE COTTAGE lies on this distribution: 63% of detached houses are smaller than GROVE COTTAGE, and 35% of houses are larger. Note that EPC data is not available for all properties in Yorkley.

GROVE COTTAGE: Plot and Title Map

GROVE COTTAGE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of GROVE COTTAGE, 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 GROVE COTTAGE). 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 GROVE COTTAGE?

GROVE COTTAGE is located on UPPER ROAD in PILLOWELL, in the GL15 postcode district. The below map shows the position of GROVE COTTAGE on UPPER ROAD.