PATCHWAY, MAIN ROAD, PILLOWELL, LYDNEY, GL15 4QX - £157,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

PATCHWAY is a large extended detached house of 145m², built sometime before 1900, which could now be worth an estimated £243,513. It was last sold for £157,500 in October 2010, which was around 36% below the average October 2010 detached price in the Forest of Dean local authority area. The most recent EPC inspection was May 2009, where the current energy rating was F, and the potential energy rating was E.

PATCHWAY Sold Prices

Land registry data shows two sales for PATCHWAY 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. One of the two PATCHWAY sales was for below the average price, whilst the other was roughly equal to 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
2010 29 OCT	£157,500	£247,087	36% below HPI
2003 28 NOV	£189,950	£190,459	Close to HPI

PATCHWAY 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 PATCHWAY sales from November 2003 and October 2010 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 November 2003 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the October 2010 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might PATCHWAY be worth now?

PATCHWAY might now be worth an estimated £243,513.

This is based on house price inflation of 54.6%, between October 2010 and December 2024, 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 54.6% inflationary increase is applied to the most recent sale price for PATCHWAY of £157,500 on 29th October 2010. For the value to have increased from £157,500 to £243,513 over the thirteen years and ten months to December 2024, the following assumptions must hold true:

• The value of PATCHWAY has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The October 2010 sale price of £157,500 represented a fair market value for the property.
• The size, condition, and specification of PATCHWAY has not materially changed since October 2010.

How Large is PATCHWAY?

PATCHWAY is 145m², which includes one extension, according to the EPC inspection conducted in May 2009. This puts it in the largest 30% of detached houses houses in Yorkley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Yorkley, and where PATCHWAY lies on this distribution: 73% of detached houses houses are smaller than PATCHWAY, and 27% of houses are larger. Note that EPC data is not available for all properties in Yorkley.

PATCHWAY: Plot and Title Map

PATCHWAY sits on a plot of roughly 0.156 of an acre, or 632m². The below map shows the location of PATCHWAY, 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 PATCHWAY). 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 PATCHWAY?

PATCHWAY is located on MAIN ROAD in PILLOWELL, in the GL15 postcode district. The below map shows the position of PATCHWAY on MAIN ROAD.