17, MICHAELS WAY, SLING, COLEFORD, GL16 8LZ - £432,500

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.

17 MICHAELS WAY is a very large extended detached house of 148m², built sometime between 1991 and 1995, which could now be worth an estimated £465,106. It was last sold for £432,500 in November 2024, which was around 15% above the average November 2024 detached price in the Forest of Dean local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

17 MICHAELS WAY Sold Prices

Land registry data shows two sales for 17 MICHAELS WAY 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 17 MICHAELS WAY 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
2024 13 NOV	£432,500	£376,640	15% above HPI
1996 16 DEC	£75,000	£78,790	5% below HPI

17 MICHAELS WAY 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 17 MICHAELS WAY sales from December 1996 and November 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 December 1996 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2024 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 17 MICHAELS WAY be worth now?

17 MICHAELS WAY might now be worth an estimated £465,106.

This is based on house price inflation of 7.5%, between November 2024 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 7.5% inflationary increase is applied to the most recent sale price for 17 MICHAELS WAY of £432,500 on 13th November 2024. For the value to have increased from £432,500 to £465,106 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 17 MICHAELS WAY has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The November 2024 sale price of £432,500 represented a fair market value for the property.
• The size, condition, and specification of 17 MICHAELS WAY has not materially changed since November 2024.

How Large is 17 MICHAELS WAY?

17 MICHAELS WAY is 148m², which includes one extension, according to the EPC inspection conducted in February 2024. This puts it in the largest 20% of detached houses houses in Sling, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sling, and where 17 MICHAELS WAY lies on this distribution: 85% of detached houses houses are smaller than 17 MICHAELS WAY, and 14% of houses are larger. Note that EPC data is not available for all properties in Sling.

17 MICHAELS WAY: Plot and Title Map

17 MICHAELS WAY sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of 17 MICHAELS WAY, 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 17 MICHAELS WAY). 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 17 MICHAELS WAY?

17 MICHAELS WAY is located in SLING, in the GL16 postcode district. The below map shows the position of No. 17 on MICHAELS WAY.