SEVERN WAYS, DRIFFIELD ROAD, LYDNEY, GL15 4LJ - £446,000

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

SEVERN WAYS is a very large extended detached house of 138m², built sometime between 1976 and 1982. It was last sold for £446,000 in June 2020, which was around 39% above the average June 2020 detached price in the Forest of Dean local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

SEVERN WAYS Sold Prices

Land registry data shows three sales for SEVERN WAYS 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. Two of the three SEVERN WAYS sales were for above the average price, whilst one was 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
2020 24 JUN	£446,000	£320,841	39% above HPI
2019 20 DEC	£445,000	£311,877	43% above HPI
2018 8 JUN	£250,000	£300,083	17% below HPI

SEVERN WAYS 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 SEVERN WAYS sales between June 2018 and June 2020 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 2019 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the June 2020 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is SEVERN WAYS?

SEVERN WAYS is 138m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 20% of detached houses in Lydney, based on EPC data. The below chart shows the distribution of detached houses by size in Lydney, and where SEVERN WAYS lies on this distribution: 84% of detached houses are smaller than SEVERN WAYS, and 15% of houses are larger. Note that EPC data is not available for all properties in Lydney.

SEVERN WAYS: Plot and Title Map

SEVERN WAYS sits on a plot of roughly 0.229 of an acre, or 926m². The below map shows the location of SEVERN WAYS, 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 SEVERN WAYS). 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 SEVERN WAYS?

SEVERN WAYS is located on DRIFFIELD ROAD in LYDNEY, in the GL15 postcode district. The below map shows the position of SEVERN WAYS on DRIFFIELD ROAD.