40, LANCASTER DRIVE, LYDNEY, GL15 5SL - £170,000

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.

40 LANCASTER DRIVE is a very small extended semi-detached house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £289,859. It was last sold for £170,000 in June 2014, which was around 13% above the average June 2014 semi-detached price in the Forest of Dean local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

40 LANCASTER DRIVE Sold Prices

Land registry data shows four sales for 40 LANCASTER DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Forest of Dean local authority area for the corresponding sale date. Most of the four 40 LANCASTER DRIVE 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
2014 9 JUN	£170,000	£150,846	13% above HPI
2008 13 FEB	£189,995	£161,036	18% above HPI
2005 14 OCT	£166,000	£149,525	11% above HPI
1996 27 SEP	£44,000	£46,533	5% below HPI

40 LANCASTER DRIVE 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 four 40 LANCASTER DRIVE sales between September 1996 and June 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 February 2008 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the June 2014 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 40 LANCASTER DRIVE be worth now?

40 LANCASTER DRIVE might now be worth an estimated £289,859.

This is based on house price inflation of 70.5%, between June 2014 and May 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 70.5% inflationary increase is applied to the most recent sale price for 40 LANCASTER DRIVE of £170,000 on 9th June 2014. For the value to have increased from £170,000 to £289,859 over the twelve years and one month to May 2026, the following assumptions must hold true:

• The value of 40 LANCASTER DRIVE has moved in line with the HPI for semi-detached houses in the Forest of Dean local authority area.
• The June 2014 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 40 LANCASTER DRIVE has not materially changed since June 2014.

How Large is 40 LANCASTER DRIVE?

40 LANCASTER DRIVE is 68m², which includes two extensions, according to the EPC inspection conducted in August 2013. This puts it in the smallest 10% 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 40 LANCASTER DRIVE lies on this distribution: 7% of semi-detached houses houses are smaller than 40 LANCASTER DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Lydney.

40 LANCASTER DRIVE: Plot and Title Map

40 LANCASTER DRIVE sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 40 LANCASTER DRIVE, 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 40 LANCASTER DRIVE). 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 40 LANCASTER DRIVE?

40 LANCASTER DRIVE is located in LYDNEY, in the GL15 postcode district. The below map shows the position of No. 40 on LANCASTER DRIVE.