THE SMITHY, PILLOWS GREEN ROAD, CORSE, GLOUCESTER, GL19 3NX - £740,000

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.

THE SMITHY is a very large detached house of 271m², built sometime between 1996 and 2002, which could now be worth an estimated £1,097,592. It was last sold for £740,000 in August 2016, which was around 171% above the average August 2016 detached price in the Forest of Dean local authority area. The most recent EPC inspection was March 2016, where the current energy rating was E, and the potential energy rating was C.

THE SMITHY Sold Prices

Land registry data shows three sales for THE SMITHY 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. All of the three THE SMITHY 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
2016 24 AUG	£740,000	£273,076	171% above HPI
2010 30 JUL	£620,000	£237,902	161% above HPI
2000 20 OCT	£165,000	£117,446	40% above HPI

THE SMITHY 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 THE SMITHY sales between October 2000 and August 2016 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 July 2010 sale was for 161% above the HPI. So the extrapolation line tracks at 161% above the HPI over time, until the August 2016 sale, where it rises to 171% above the HPI. The line then continues to track at 171% above the HPI.

What might THE SMITHY be worth now?

THE SMITHY might now be worth an estimated £1,097,592.

This is based on house price inflation of 48.3%, between August 2016 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 48.3% inflationary increase is applied to the most recent sale price for THE SMITHY of £740,000 on 24th August 2016. For the value to have increased from £740,000 to £1,097,592 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of THE SMITHY has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The August 2016 sale price of £740,000 represented a fair market value for the property.
• The size, condition, and specification of THE SMITHY has not materially changed since August 2016.

How Large is THE SMITHY?

THE SMITHY is 271m² according to the EPC inspection conducted in March 2016. This puts it in the largest 10% of detached houses houses in Corse, based on EPC data. The below chart shows the distribution of detached houses houses by size in Corse, and where THE SMITHY lies on this distribution: 99% of detached houses houses are smaller than THE SMITHY, and 1% of houses are larger. Note that EPC data is not available for all properties in Corse.

THE SMITHY: Plot and Title Map

THE SMITHY sits on a plot of roughly 0.818 of an acre, or 3,310m². The below map shows the location of THE SMITHY, 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 SMITHY). 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 SMITHY?

THE SMITHY is located on PILLOWS GREEN ROAD in CORSE, in the GL19 postcode district. The below map shows the position of THE SMITHY on PILLOWS GREEN ROAD.