RIDGEWAY, PARKEND ROAD, BREAM, LYDNEY, GL15 6JY - £280,000

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

RIDGEWAY is a very large extended detached house of 177m², built sometime between 1976 and 1982. It was last sold for £280,000 in October 2017, which was around 1% below the average October 2017 detached price in the Forest of Dean local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was C.

RIDGEWAY Sold Prices

Land registry data shows three sales for RIDGEWAY 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 RIDGEWAY 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 26 OCT	£280,000	£281,418	1% below HPI
2016 26 OCT	£142,000	£278,707	49% below HPI
2011 14 JAN	£200,000	£225,988	11% below HPI

RIDGEWAY 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 RIDGEWAY sales between January 2011 and October 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 October 2016 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the October 2017 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is RIDGEWAY?

RIDGEWAY is 177m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the largest 10% of detached houses in Bream, based on EPC data. The below chart shows the distribution of detached houses by size in Bream, and where RIDGEWAY lies on this distribution: 93% of detached houses are smaller than RIDGEWAY, and 6% of houses are larger. Note that EPC data is not available for all properties in Bream.

RIDGEWAY: Plot and Title Map

RIDGEWAY sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of RIDGEWAY, 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 RIDGEWAY). 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 RIDGEWAY?

RIDGEWAY is located on PARKEND ROAD in BREAM, in the GL15 postcode district. The below map shows the position of RIDGEWAY on PARKEND ROAD.