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

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.

RIDGEWAY is a very large extended detached house of 177m², built sometime between 1976 and 1982, which could now be worth an estimated £405,329. It was last sold for £280,000 in October 2017, which was about 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. The three RIDGEWAY sales were a mix of roughly equal to the average price, and 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	£279,797	Close to HPI
2016 26 OCT	£142,000	£277,102	49% below HPI
2011 14 JAN	£200,000	£224,686	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 roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might RIDGEWAY be worth now?

RIDGEWAY might now be worth an estimated £405,329.

This is based on house price inflation of 44.8%, between October 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 44.8% inflationary increase is applied to the most recent sale price for RIDGEWAY of £280,000 on 26th October 2017. For the value to have increased from £280,000 to £405,329 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of RIDGEWAY has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The October 2017 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of RIDGEWAY has not materially changed since October 2017.

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 houses in Bream, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bream, and where RIDGEWAY lies on this distribution: 93% of detached houses 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.