WEST RIDGE, HANG HILL ROAD, BREAM, LYDNEY, GL15 6LQ - £400,000

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

WEST RIDGE is a large detached house of 124m², built sometime between 1950 and 1966. It was last sold for £400,000 in July 2022, which was around 5% above the average July 2022 detached price in the Forest of Dean local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was C.

WEST RIDGE Sold Prices

Land registry data shows two sales for WEST RIDGE 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 WEST RIDGE 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
2022 25 JUL	£400,000	£382,568	5% above HPI
2005 8 NOV	£249,500	£229,326	9% above HPI

WEST RIDGE 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 WEST RIDGE sales from November 2005 and July 2022 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 2005 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the July 2022 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is WEST RIDGE?

WEST RIDGE is 124m² according to the EPC inspection conducted in April 2022. This puts it in the largest 40% of detached houses in Bream, based on EPC data. The below chart shows the distribution of detached houses by size in Bream, and where WEST RIDGE lies on this distribution: 61% of detached houses are smaller than WEST RIDGE, and 39% of houses are larger. Note that EPC data is not available for all properties in Bream.

WEST RIDGE: Plot and Title Map

WEST RIDGE sits on a plot of roughly 0.197 of an acre, or 795m². The below map shows the location of WEST RIDGE, 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 WEST RIDGE). 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 WEST RIDGE?

WEST RIDGE is located on HANG HILL ROAD in BREAM, in the GL15 postcode district. The below map shows the position of WEST RIDGE on HANG HILL ROAD.