2, THE ORCHARDS, NEWNHAM, GL14 1EX - £315,000

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.

2 THE ORCHARDS is a midsized extended detached house of 114m², built sometime between 2003 and 2006, which could now be worth an estimated £370,373. It was last sold for £315,000 in November 2020, which was around 6% below the average November 2020 detached price in the Forest of Dean local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

2 THE ORCHARDS Sold Prices

Land registry data shows three sales for 2 THE ORCHARDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. One of the three 2 THE ORCHARDS sales was for below the average price, whilst two 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
2020 13 NOV	£315,000	£335,456	6% below HPI
2016 15 APR	£270,000	£259,101	4% above HPI
2006 31 OCT	£250,000	£240,892	4% above HPI

2 THE ORCHARDS 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 three 2 THE ORCHARDS sales between October 2006 and November 2020 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 April 2016 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the November 2020 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 2 THE ORCHARDS be worth now?

2 THE ORCHARDS might now be worth an estimated £370,373.

This is based on house price inflation of 17.6%, between November 2020 and April 2026, 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 17.6% inflationary increase is applied to the most recent sale price for 2 THE ORCHARDS of £315,000 on 13th November 2020. For the value to have increased from £315,000 to £370,373 over the six years and seven months to April 2026, the following assumptions must hold true:

• The value of 2 THE ORCHARDS has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The November 2020 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE ORCHARDS has not materially changed since November 2020.

How Large is 2 THE ORCHARDS?

2 THE ORCHARDS is 114m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the smallest 50% of detached houses houses in Newnham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newnham, and where 2 THE ORCHARDS lies on this distribution: 47% of detached houses houses are smaller than 2 THE ORCHARDS, and 53% of houses are larger. Note that EPC data is not available for all properties in Newnham.

2 THE ORCHARDS: Plot and Title Map

2 THE ORCHARDS sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 2 THE ORCHARDS, 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 2 THE ORCHARDS). 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 2 THE ORCHARDS?

2 THE ORCHARDS is located in NEWNHAM, in the GL14 postcode district. The below map shows the position of No. 2 on THE ORCHARDS.