NEW MILL, HIGH STREET, BREAM, LYDNEY, GL15 6JF - £210,000

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.

NEW MILL is a midsized detached house of 119m², built sometime between 1967 and 1975, which could now be worth an estimated £307,585. It was last sold for £210,000 in July 2017, which was around 24% below the average July 2017 detached price in the Forest of Dean local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was B.

NEW MILL Sold Prices

Land registry data shows two sales for NEW MILL 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 NEW MILL 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
2017 13 JUL	£210,000	£276,533	24% below HPI
1996 7 JUN	£53,000	£74,507	29% below HPI

NEW MILL 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 NEW MILL sales from June 1996 and July 2017 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 1996 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2017 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might NEW MILL be worth now?

NEW MILL might now be worth an estimated £307,585.

This is based on house price inflation of 46.5%, between July 2017 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 46.5% inflationary increase is applied to the most recent sale price for NEW MILL of £210,000 on 13th July 2017. For the value to have increased from £210,000 to £307,585 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of NEW MILL has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The July 2017 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of NEW MILL has not materially changed since July 2017.

How Large is NEW MILL?

NEW MILL is 119m² according to the EPC inspection conducted in April 2016. This puts it in the largest 50% of detached houses houses in Bream, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bream, and where NEW MILL lies on this distribution: 57% of detached houses houses are smaller than NEW MILL, and 43% of houses are larger. Note that EPC data is not available for all properties in Bream.

NEW MILL: Plot and Title Map

NEW MILL sits on a plot of roughly 0.128 of an acre, or 518m². The below map shows the location of NEW MILL, 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 NEW MILL). 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 NEW MILL?

NEW MILL is located on HIGH STREET in BREAM, in the GL15 postcode district. The below map shows the position of NEW MILL on HIGH STREET.