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

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.

WEST RIDGE is a large detached house of 124m², built sometime between 1950 and 1966, which could now be worth an estimated £425,945. 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	£380,364	5% above HPI
2005 8 NOV	£249,500	£228,005	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.

What might WEST RIDGE be worth now?

WEST RIDGE might now be worth an estimated £425,945.

This is based on house price inflation of 6.5%, between July 2022 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 6.5% inflationary increase is applied to the most recent sale price for WEST RIDGE of £400,000 on 25th July 2022. For the value to have increased from £400,000 to £425,945 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of WEST RIDGE has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The July 2022 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of WEST RIDGE has not materially changed since July 2022.

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 houses in Bream, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bream, and where WEST RIDGE lies on this distribution: 61% of detached houses 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 0.196 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.