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

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

THE PATCHES is a small extended detached house of 92m², built sometime between 1950 and 1966. It was last sold for £220,000 in May 2014, which was around 6% 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	£233,011	6% below HPI
2010 3 NOV	£195,000	£240,355	19% 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 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2014 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

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 in Broadwell, based on EPC data. The below chart shows the distribution of detached houses by size in Broadwell, and where THE PATCHES lies on this distribution: 22% of detached 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.