LE GAPS, CASTLEMAIN, PARKEND, LYDNEY, GL15 4HH - £440,000

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

LE GAPS is a small detached house of 95m², built sometime between 1976 and 1982. It was last sold for £440,000 in March 2022, which was around 18% above the average March 2022 detached price in the Forest of Dean local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

LE GAPS Sold Prices

Land registry data shows two sales for LE GAPS 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 LE GAPS sales were for above 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
2022 23 MAR	£440,000	£371,710	18% above HPI
2008 21 FEB	£280,000	£247,763	13% above HPI

LE GAPS 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 LE GAPS sales from February 2008 and March 2022 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 February 2008 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the March 2022 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is LE GAPS?

LE GAPS is 95m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 30% of detached houses in Parkend, based on EPC data. The below chart shows the distribution of detached houses by size in Parkend, and where LE GAPS lies on this distribution: 22% of detached houses are smaller than LE GAPS, and 78% of houses are larger. Note that EPC data is not available for all properties in Parkend.

LE GAPS: Plot and Title Map

LE GAPS sits on a plot of roughly 0.289 of an acre, or 1,168m². The below map shows the location of LE GAPS, 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 LE GAPS). 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 LE GAPS?

LE GAPS is located on CASTLEMAIN in PARKEND, in the GL15 postcode district. The below map shows the position of LE GAPS on CASTLEMAIN.