OAKLEAVES, CHEPSTOW ROAD, SLING, COLEFORD, GL16 8JF - £295,000

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.

OAKLEAVES is a small detached house of 84m², built sometime between 1991 and 1995, which could now be worth an estimated £323,001. It was last sold for £295,000 in May 2022, which was around 20% below the average May 2022 detached price in the Forest of Dean local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

OAKLEAVES Sold Prices

Land registry data shows two sales for OAKLEAVES 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 OAKLEAVES 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
2022 17 MAY	£295,000	£369,923	20% below HPI
2002 2 AUG	£124,950	£152,505	18% below HPI

OAKLEAVES 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 OAKLEAVES sales from August 2002 and May 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 August 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might OAKLEAVES be worth now?

OAKLEAVES might now be worth an estimated £323,001.

This is based on house price inflation of 9.5%, between May 2022 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 9.5% inflationary increase is applied to the most recent sale price for OAKLEAVES of £295,000 on 17th May 2022. For the value to have increased from £295,000 to £323,001 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of OAKLEAVES has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The May 2022 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of OAKLEAVES has not materially changed since May 2022.

How Large is OAKLEAVES?

OAKLEAVES is 84m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 40% of detached houses houses in Sling, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sling, and where OAKLEAVES lies on this distribution: 32% of detached houses houses are smaller than OAKLEAVES, and 66% of houses are larger. Note that EPC data is not available for all properties in Sling.

OAKLEAVES: Plot and Title Map

OAKLEAVES sits on a plot of roughly 0.108 of an acre, or 439m². The below map shows the location of OAKLEAVES, 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 OAKLEAVES). 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 OAKLEAVES?

OAKLEAVES is located on CHEPSTOW ROAD in SLING, in the GL16 postcode district. The below map shows the position of OAKLEAVES on CHEPSTOW ROAD.