PROSPECT HOUSE, VINEY HILL, LYDNEY, GL15 4LY - £545,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

PROSPECT HOUSE is a large extended detached house of 162m², built sometime before 1900. It was last sold for £545,000 in March 2022, which was around 47% above the average March 2022 detached price in the Forest of Dean local authority area. The most recent EPC inspection was June 2021, where the current energy rating was E, and the potential energy rating was C.

PROSPECT HOUSE Sold Prices

Land registry data shows three sales for PROSPECT HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. All of the three PROSPECT HOUSE 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 24 MAR	£545,000	£371,710	47% above HPI
2014 18 DEC	£282,500	£248,782	14% above HPI
1999 9 APR	£158,000	£87,320	81% above HPI

PROSPECT HOUSE 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 three PROSPECT HOUSE sales between April 1999 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 December 2014 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the March 2022 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is PROSPECT HOUSE?

PROSPECT HOUSE is 162m², which includes three extensions, according to the EPC inspection conducted in June 2021. This puts it in the largest 30% of detached houses in Viney Hill, based on EPC data. The below chart shows the distribution of detached houses by size in Viney Hill, and where PROSPECT HOUSE lies on this distribution: 73% of detached houses are smaller than PROSPECT HOUSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Viney Hill.

PROSPECT HOUSE: Plot and Title Map

PROSPECT HOUSE sits on a plot of roughly 0.778 of an acre, or 3,150m². The below map shows the location of PROSPECT HOUSE, 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 PROSPECT HOUSE). 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 PROSPECT HOUSE?

PROSPECT HOUSE is located in VINEY HILL, in the GL15 postcode district. The below map shows the position of PROSPECT HOUSE in VINEY HILL.