1, PROSPECT CLOSE, COLEFORD, GL16 8DB - £202,500

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 PROSPECT CLOSE is a very small semi-detached house of 79m², built sometime between 1976 and 1982, which could now be worth an estimated £205,455. It was last sold for £202,500 in August 2024, which was around 20% below the average August 2024 semi-detached price in the Forest of Dean local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

1 PROSPECT CLOSE Sold Prices

Land registry data shows six sales for 1 PROSPECT CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the Forest of Dean local authority area for the corresponding sale date. Most of the six 1 PROSPECT CLOSE sales were 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
2024 16 AUG	£202,500	£253,501	20% below HPI
2020 27 MAR	£178,000	£199,045	11% below HPI
2010 14 MAY	£150,000	£153,618	2% below HPI
2005 22 AUG	£120,000	£147,762	19% below HPI
1999 3 SEP	£55,500	£60,083	8% below HPI
1997 21 OCT	£53,000	£51,026	4% above HPI

1 PROSPECT 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 six 1 PROSPECT CLOSE sales between October 1997 and August 2024 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 March 2020 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the August 2024 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 1 PROSPECT CLOSE be worth now?

1 PROSPECT CLOSE might now be worth an estimated £205,455.

This is based on house price inflation of 1.5%, between August 2024 and May 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 1.5% inflationary increase is applied to the most recent sale price for 1 PROSPECT CLOSE of £202,500 on 16th August 2024. For the value to have increased from £202,500 to £205,455 over the two years and three months to May 2026, the following assumptions must hold true:

• The value of 1 PROSPECT CLOSE has moved in line with the HPI for semi-detached houses in the Forest of Dean local authority area.
• The August 2024 sale price of £202,500 represented a fair market value for the property.
• The size, condition, and specification of 1 PROSPECT CLOSE has not materially changed since August 2024.

How Large is 1 PROSPECT CLOSE?

1 PROSPECT CLOSE is 79m² according to the EPC inspection conducted in April 2024. This puts it in the smallest 20% of semi-detached houses houses in Coleford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Coleford, and where 1 PROSPECT CLOSE lies on this distribution: 15% of semi-detached houses houses are smaller than 1 PROSPECT CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Coleford.

1 PROSPECT CLOSE: Plot and Title Map

1 PROSPECT CLOSE sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of 1 PROSPECT 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 PROSPECT 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 PROSPECT CLOSE?

1 PROSPECT CLOSE is located in COLEFORD, in the GL16 postcode district. The below map shows the position of No. 1 on PROSPECT CLOSE.