TRAMWAY COTTAGE, PARKEND, LYDNEY, GL15 4JD - £439,000

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.

TRAMWAY COTTAGE is a large detached house of 144m², built sometime between 2003 and 2006, which could now be worth an estimated £544,866. It was last sold for £439,000 in August 2020, which was around 35% above the average August 2020 detached price in the Forest of Dean local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

TRAMWAY COTTAGE Sold Prices

Land registry data shows two sales for TRAMWAY COTTAGE 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 TRAMWAY COTTAGE 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
2020 28 AUG	£439,000	£326,338	35% above HPI
2003 19 DEC	£249,950	£200,056	25% above HPI

TRAMWAY COTTAGE 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 TRAMWAY COTTAGE sales from December 2003 and August 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 2003 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2020 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might TRAMWAY COTTAGE be worth now?

TRAMWAY COTTAGE might now be worth an estimated £544,866.

This is based on house price inflation of 24.1%, between August 2020 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 24.1% inflationary increase is applied to the most recent sale price for TRAMWAY COTTAGE of £439,000 on 28th August 2020. For the value to have increased from £439,000 to £544,866 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of TRAMWAY COTTAGE has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The August 2020 sale price of £439,000 represented a fair market value for the property.
• The size, condition, and specification of TRAMWAY COTTAGE has not materially changed since August 2020.

How Large is TRAMWAY COTTAGE?

TRAMWAY COTTAGE is 144m² according to the EPC inspection conducted in March 2020. This puts it in the largest 40% of detached houses houses in Parkend, based on EPC data. The below chart shows the distribution of detached houses houses by size in Parkend, and where TRAMWAY COTTAGE lies on this distribution: 65% of detached houses houses are smaller than TRAMWAY COTTAGE, and 35% of houses are larger. Note that EPC data is not available for all properties in Parkend.

TRAMWAY COTTAGE: Plot and Title Map

TRAMWAY COTTAGE sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of TRAMWAY COTTAGE, 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 TRAMWAY COTTAGE). 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 TRAMWAY COTTAGE?

TRAMWAY COTTAGE is located in PARKEND, in the GL15 postcode district. The below map shows the position of TRAMWAY COTTAGE in PARKEND.