VERWOOD, OLD ROAD, COALWAY, COLEFORD, GL16 7JN - £390,000

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.

VERWOOD is a very large extended detached house of 226m², built sometime between 1967 and 1975, which could now be worth an estimated £564,565. It was last sold for £390,000 in October 2017, which was around 39% above the average October 2017 detached price in the Forest of Dean local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was C.

VERWOOD Sold Prices

Land registry data shows two sales for VERWOOD 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. One of the two VERWOOD sales was for above the average price, whilst the other 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
2017 20 OCT	£390,000	£279,797	39% above HPI
2014 4 APR	£187,000	£231,602	19% below HPI

VERWOOD 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 VERWOOD sales from April 2014 and October 2017 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 April 2014 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2017 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might VERWOOD be worth now?

VERWOOD might now be worth an estimated £564,565.

This is based on house price inflation of 44.8%, between October 2017 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 44.8% inflationary increase is applied to the most recent sale price for VERWOOD of £390,000 on 20th October 2017. For the value to have increased from £390,000 to £564,565 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of VERWOOD has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The October 2017 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of VERWOOD has not materially changed since October 2017.

How Large is VERWOOD?

VERWOOD is 226m², which includes four extensions, according to the EPC inspection conducted in November 2015. This puts it in the largest 10% of detached houses houses in Coalway, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coalway, and where VERWOOD lies on this distribution: 96% of detached houses houses are smaller than VERWOOD, and 3% of houses are larger. Note that EPC data is not available for all properties in Coalway.

VERWOOD: Plot and Title Map

VERWOOD sits on a plot of roughly 0.185 of an acre, or 749m². The below map shows the location of VERWOOD, 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 VERWOOD). 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 VERWOOD?

VERWOOD is located on OLD ROAD in COALWAY, in the GL16 postcode district. The below map shows the position of VERWOOD on OLD ROAD.