GROVE COTTAGE, UPPER ROAD, PILLOWELL, LYDNEY, GL15 4RD - £305,000

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.

GROVE COTTAGE is a large extended detached house of 137m², built sometime before 1900, which could now be worth an estimated £475,169. It was last sold for £305,000 in September 2015, which was around 20% above the average September 2015 detached price in the Forest of Dean local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

GROVE COTTAGE Sold Prices

Land registry data shows four sales for GROVE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. two of the four GROVE COTTAGE sales were for above the average price, and four 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
2015 11 SEP	£305,000	£253,115	20% above HPI
2006 15 DEC	£312,000	£253,783	23% above HPI
2002 18 SEP	£96,500	£156,239	38% below HPI
1997 12 DEC	£50,000	£84,129	41% below HPI

GROVE COTTAGE 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 four GROVE COTTAGE sales between December 1997 and September 2015 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 December 2006 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the September 2015 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might GROVE COTTAGE be worth now?

GROVE COTTAGE might now be worth an estimated £475,169.

This is based on house price inflation of 55.8%, between September 2015 and May 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 55.8% inflationary increase is applied to the most recent sale price for GROVE COTTAGE of £305,000 on 11th September 2015. For the value to have increased from £305,000 to £475,169 over the eleven years and four months to May 2026, the following assumptions must hold true:

• The value of GROVE COTTAGE has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The September 2015 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of GROVE COTTAGE has not materially changed since September 2015.

How Large is GROVE COTTAGE?

GROVE COTTAGE is 137m², which includes three extensions, according to the EPC inspection conducted in July 2012. This puts it in the largest 40% of detached houses houses in Yorkley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Yorkley, and where GROVE COTTAGE lies on this distribution: 64% of detached houses houses are smaller than GROVE COTTAGE, and 35% of houses are larger. Note that EPC data is not available for all properties in Yorkley.

GROVE COTTAGE: Plot and Title Map

GROVE COTTAGE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of GROVE COTTAGE, 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 GROVE COTTAGE). 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 GROVE COTTAGE?

GROVE COTTAGE is located on UPPER ROAD in PILLOWELL, in the GL15 postcode district. The below map shows the position of GROVE COTTAGE on UPPER ROAD.