ROMACH, ROSS ROAD, NEWENT, GL18 1BE - £540,000

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

ROMACH is a very large extended detached house of 165m², built sometime between 1976 and 1982. It was last sold for £540,000 in May 2023, which was around 41% above the average May 2023 detached price in the Forest of Dean local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was C.

ROMACH Sold Prices

Land registry data shows four sales for ROMACH since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. All of the four ROMACH 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
2023 26 MAY	£540,000	£383,855	41% above HPI
2019 9 SEP	£400,000	£318,214	26% above HPI
2004 15 APR	£288,000	£207,396	39% above HPI
2002 23 AUG	£240,000	£153,389	56% above HPI

ROMACH 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 four ROMACH sales between August 2002 and May 2023 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 September 2019 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the May 2023 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is ROMACH?

ROMACH is 165m², which includes four extensions, according to the EPC inspection conducted in July 2019. This puts it in the largest 10% of detached houses in Newent, based on EPC data. The below chart shows the distribution of detached houses by size in Newent, and where ROMACH lies on this distribution: 92% of detached houses are smaller than ROMACH, and 8% of houses are larger. Note that EPC data is not available for all properties in Newent.

ROMACH: Plot and Title Map

ROMACH sits on a plot of roughly 0.205 of an acre, or 831m². The below map shows the location of ROMACH, 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 ROMACH). 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 ROMACH?

ROMACH is located on ROSS ROAD in NEWENT, in the GL18 postcode district. The below map shows the position of ROMACH on ROSS ROAD.