4, SPRING PLACE, RUARDEAN, GL17 9TA - £216,500

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.

4 SPRING PLACE is a small terraced house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £235,212. It was last sold for £216,500 in January 2022, which was around 9% above the average January 2022 terraced price in the Forest of Dean local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was B.

4 SPRING PLACE Sold Prices

Land registry data shows two sales for 4 SPRING PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Forest of Dean local authority area for the corresponding sale date. Both of the two 4 SPRING PLACE sales 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
2022 10 JAN	£216,500	£198,441	9% above HPI
2001 6 APR	£79,500	£61,091	30% above HPI

4 SPRING PLACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Forest of Dean local authority area over time, sourced from the HPI. The two 4 SPRING PLACE sales from April 2001 and January 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 April 2001 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the January 2022 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 4 SPRING PLACE be worth now?

4 SPRING PLACE might now be worth an estimated £235,212.

This is based on house price inflation of 8.6%, between January 2022 and May 2026, for terraced 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 8.6% inflationary increase is applied to the most recent sale price for 4 SPRING PLACE of £216,500 on 10th January 2022. For the value to have increased from £216,500 to £235,212 over the three years and eight months to May 2026, the following assumptions must hold true:

• The value of 4 SPRING PLACE has moved in line with the HPI for terraced houses in the Forest of Dean local authority area.
• The January 2022 sale price of £216,500 represented a fair market value for the property.
• The size, condition, and specification of 4 SPRING PLACE has not materially changed since January 2022.

How Large is 4 SPRING PLACE?

4 SPRING PLACE is 82m² according to the EPC inspection conducted in December 2020. This puts it in the smallest 30% of terraced houses houses in Ruardean, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ruardean, and where 4 SPRING PLACE lies on this distribution: 21% of terraced houses houses are smaller than 4 SPRING PLACE, and 76% of houses are larger. Note that EPC data is not available for all properties in Ruardean.

4 SPRING PLACE: Plot and Title Map

4 SPRING PLACE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 4 SPRING PLACE, 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 4 SPRING PLACE). 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 4 SPRING PLACE?

4 SPRING PLACE is located in RUARDEAN, in the GL17 postcode district. The below map shows the position of No. 4 on SPRING PLACE.