74, LANCASTER DRIVE, LYDNEY, GL15 5SL - £148,000

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.

74 LANCASTER DRIVE is a very small terraced house of 58m², built sometime between 1967 and 1975, which could now be worth an estimated £247,053. It was last sold for £148,000 in March 2012, which was around 15% above the average March 2012 terraced price in the Forest of Dean local authority area. The most recent EPC inspection was January 2011, where the current energy rating was C, and the potential energy rating was C.

74 LANCASTER DRIVE Sold Prices

Land registry data shows two sales for 74 LANCASTER DRIVE 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. One of the two 74 LANCASTER DRIVE sales was for above the average price, whilst the other was 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
2012 16 MAR	£148,000	£129,153	15% above HPI
2005 15 SEP	£125,000	£127,944	2% below HPI

74 LANCASTER DRIVE 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 74 LANCASTER DRIVE sales from September 2005 and March 2012 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 September 2005 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the March 2012 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 74 LANCASTER DRIVE be worth now?

74 LANCASTER DRIVE might now be worth an estimated £247,053.

This is based on house price inflation of 66.9%, between March 2012 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 66.9% inflationary increase is applied to the most recent sale price for 74 LANCASTER DRIVE of £148,000 on 16th March 2012. For the value to have increased from £148,000 to £247,053 over the thirteen years and ten months to May 2026, the following assumptions must hold true:

• The value of 74 LANCASTER DRIVE has moved in line with the HPI for terraced houses in the Forest of Dean local authority area.
• The March 2012 sale price of £148,000 represented a fair market value for the property.
• The size, condition, and specification of 74 LANCASTER DRIVE has not materially changed since March 2012.

How Large is 74 LANCASTER DRIVE?

74 LANCASTER DRIVE is 58m² according to the EPC inspection conducted in January 2011. This puts it in the smallest 10% of terraced houses houses in Lydney, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lydney, and where 74 LANCASTER DRIVE lies on this distribution: 2% of terraced houses houses are smaller than 74 LANCASTER DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Lydney.

74 LANCASTER DRIVE: Plot and Title Map

74 LANCASTER DRIVE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 74 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 74 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 74 LANCASTER DRIVE?

74 LANCASTER DRIVE is located in LYDNEY, in the GL15 postcode district. The below map shows the position of No. 74 on LANCASTER DRIVE.