MAJOLIE, SPOUT LANE, DRYBROOK, GL17 9AW - £160,000

MAJOLIE is a very small extended detached house of 72m², built sometime before 1900. It was last sold for £160,000 in December 2014, which was around 36% below the average December 2014 detached price in the Forest of Dean local authority area. The most recent EPC inspection was August 2013, where the current energy rating was E, and the potential energy rating was B.

MAJOLIE Sold Prices

Land registry data shows two sales for MAJOLIE 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 MAJOLIE 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
2014 8 DEC	£160,000	£248,782	36% below HPI
1996 14 MAR	£44,000	£66,316	34% below HPI

MAJOLIE 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 MAJOLIE sales from March 1996 and December 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 March 1996 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the December 2014 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is MAJOLIE?

MAJOLIE is 72m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the smallest 10% of detached houses in Drybrook, based on EPC data. The below chart shows the distribution of detached houses by size in Drybrook, and where MAJOLIE lies on this distribution: 7% of detached houses are smaller than MAJOLIE, and 91% of houses are larger. Note that EPC data is not available for all properties in Drybrook.

MAJOLIE: Plot and Title Map

MAJOLIE sits on a plot of roughly 0.057 of an acre, or 233m². The below map shows the location of MAJOLIE, 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 MAJOLIE). 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 MAJOLIE?

MAJOLIE is located on SPOUT LANE in DRYBROOK, in the GL17 postcode district. The below map shows the position of MAJOLIE on SPOUT LANE.