3, MELVILLE WATTS CLOSE, LYDNEY, GL15 5FQ - £282,500

3 MELVILLE WATTS CLOSE is a small detached house of 97m². It was last sold for £282,500 in September 2022, which was around 33% below the average September 2022 detached price in the Forest of Dean local authority area. The most recent EPC inspection was June 2019, where the current energy rating was B, and the potential energy rating was A.

3 MELVILLE WATTS CLOSE Sold Prices

Land registry data shows two sales for 3 MELVILLE WATTS CLOSE 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. Both of the two 3 MELVILLE WATTS 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
2022 1 SEP	£282,500	£422,505	33% below HPI
2019 28 JUN	£262,995	£315,842	17% below HPI

3 MELVILLE WATTS CLOSE 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 3 MELVILLE WATTS CLOSE sales from June 2019 and September 2022 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 2019 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the September 2022 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 3 MELVILLE WATTS CLOSE?

3 MELVILLE WATTS CLOSE is 97m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 40% of detached houses in Lydney, based on EPC data. The below chart shows the distribution of detached houses by size in Lydney, and where 3 MELVILLE WATTS CLOSE lies on this distribution: 38% of detached houses are smaller than 3 MELVILLE WATTS CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Lydney.

3 MELVILLE WATTS CLOSE: Plot and Title Map

3 MELVILLE WATTS CLOSE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 3 MELVILLE WATTS 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 3 MELVILLE WATTS 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 3 MELVILLE WATTS CLOSE?

3 MELVILLE WATTS CLOSE is located in LYDNEY, in the GL15 postcode district. The below map shows the position of No. 3 on MELVILLE WATTS CLOSE.