1A, NERO CLOSE, LYDNEY, GL15 5NW - £151,000

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.

1A NERO CLOSE is a very small extended semi-detached house of 78m², built sometime between 1991 and 1995, which could now be worth an estimated £249,729. It was last sold for £151,000 in August 2014, which was around 3% below the average August 2014 semi-detached price in the Forest of Dean local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

1A NERO CLOSE Sold Prices

Land registry data shows five sales for 1A NERO CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Forest of Dean local authority area for the corresponding sale date. All of the five 1A NERO 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
2014 27 AUG	£151,000	£156,091	3% below HPI
2005 12 JUL	£127,000	£148,521	14% below HPI
2001 10 AUG	£62,950	£79,800	21% below HPI
2000 28 APR	£51,500	£61,934	17% below HPI
1997 23 MAY	£47,995	£48,966	2% below HPI

1A 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 five 1A NERO CLOSE sales between May 1997 and August 2014 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 July 2005 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2014 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 1A NERO CLOSE be worth now?

1A NERO CLOSE might now be worth an estimated £249,729.

This is based on house price inflation of 65.4%, between August 2014 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 65.4% inflationary increase is applied to the most recent sale price for 1A NERO CLOSE of £151,000 on 27th August 2014. For the value to have increased from £151,000 to £249,729 over the twelve years and four months to April 2026, the following assumptions must hold true:

• The value of 1A NERO CLOSE has moved in line with the HPI for semi-detached houses in the Forest of Dean local authority area.
• The August 2014 sale price of £151,000 represented a fair market value for the property.
• The size, condition, and specification of 1A NERO CLOSE has not materially changed since August 2014.

How Large is 1A NERO CLOSE?

1A NERO CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the smallest 20% 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 1A NERO CLOSE lies on this distribution: 15% of semi-detached houses houses are smaller than 1A NERO CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Lydney.

1A NERO CLOSE: Plot and Title Map

1A NERO CLOSE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 1A 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 1A 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 1A NERO CLOSE?

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