1, NERO CLOSE, LYDNEY, GL15 5NW - £245,000

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.

1 NERO CLOSE is a very small semi-detached house of 66m², built sometime between 1996 and 2002, which could now be worth an estimated £257,882. It was last sold for £245,000 in May 2023, which was about the average May 2023 semi-detached price in the Forest of Dean local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

1 NERO CLOSE Sold Prices

Land registry data shows four sales for 1 NERO CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Forest of Dean local authority area for the corresponding sale date. The four 1 NERO CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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
2023 25 MAY	£245,000	£245,254	Close to HPI
2001 20 JUN	£75,000	£73,491	2% above HPI
2001 16 FEB	£60,000	£71,637	16% below HPI
1997 25 JUL	£58,995	£51,524	15% above HPI

1 NERO CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Forest of Dean local authority area over time, sourced from the HPI. The four 1 NERO CLOSE sales between July 1997 and May 2023 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 June 2001 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the May 2023 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 1 NERO CLOSE be worth now?

1 NERO CLOSE might now be worth an estimated £257,882.

This is based on house price inflation of 5.3%, between May 2023 and April 2026, for semi-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 5.3% inflationary increase is applied to the most recent sale price for 1 NERO CLOSE of £245,000 on 25th May 2023. For the value to have increased from £245,000 to £257,882 over the three years and one month to April 2026, the following assumptions must hold true:

• The value of 1 NERO CLOSE has moved in line with the HPI for semi-detached houses in the Forest of Dean local authority area.
• The May 2023 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 1 NERO CLOSE has not materially changed since May 2023.

How Large is 1 NERO CLOSE?

1 NERO CLOSE is 66m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of semi-detached houses houses in Lydney, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lydney, and where 1 NERO CLOSE lies on this distribution: 6% of semi-detached houses houses are smaller than 1 NERO CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Lydney.

1 NERO CLOSE: Plot and Title Map

1 NERO CLOSE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 1 NERO CLOSE, 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 1 NERO CLOSE). 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 1 NERO CLOSE?

1 NERO CLOSE is located in LYDNEY, in the GL15 postcode district. The below map shows the position of No. 1 on NERO CLOSE.