THE PATCHES, STEPHENS PLACE, BROADWELL, COLEFORD, GL16 7BJ - £220,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE PATCHES is a small extended detached house of 92m², built sometime between 1950 and 1966, which could now be worth an estimated £362,784. It was last sold for £220,000 in May 2014, which was around 5% below the average May 2014 detached price in the Forest of Dean local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was A.

THE PATCHES Sold Prices

Land registry data shows two sales for THE PATCHES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. Both of the two THE PATCHES 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
2014 6 MAY	£220,000	£231,668	5% below HPI
2010 3 NOV	£195,000	£238,971	18% below HPI

THE PATCHES 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 two THE PATCHES sales from November 2010 and May 2014 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 November 2010 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2014 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might THE PATCHES be worth now?

THE PATCHES might now be worth an estimated £362,784.

This is based on house price inflation of 64.9%, between May 2014 and December 2024, 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 64.9% inflationary increase is applied to the most recent sale price for THE PATCHES of £220,000 on 6th May 2014. For the value to have increased from £220,000 to £362,784 over the nine years and five months to December 2024, the following assumptions must hold true:

• The value of THE PATCHES has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The May 2014 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of THE PATCHES has not materially changed since May 2014.

How Large is THE PATCHES?

THE PATCHES is 92m², which includes two extensions, according to the EPC inspection conducted in March 2016. This puts it in the smallest 30% of detached houses houses in Broadwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Broadwell, and where THE PATCHES lies on this distribution: 22% of detached houses houses are smaller than THE PATCHES, and 77% of houses are larger. Note that EPC data is not available for all properties in Broadwell.

THE PATCHES: Plot and Title Map

THE PATCHES sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of THE PATCHES, 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 THE PATCHES). 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 THE PATCHES?

THE PATCHES is located on STEPHENS PLACE in BROADWELL, in the GL16 postcode district. The below map shows the position of THE PATCHES on STEPHENS PLACE.