THE OLD CHAPEL, MORSE ROAD, DRYBROOK, GL17 9AT - £125,000

THE OLD CHAPEL is a small extended detached house of 103m², built sometime before 1900. It was last sold for £125,000 in September 2013, which was around 46% below the average September 2013 detached price in the Forest of Dean local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was A.

THE OLD CHAPEL Sold Prices

Land registry data shows four sales for THE OLD CHAPEL 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. All of the four THE OLD CHAPEL 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
2013 25 SEP	£125,000	£232,071	46% below HPI
2002 4 MAR	£125,000	£129,177	3% below HPI
1999 11 OCT	£93,000	£100,992	8% below HPI
1995 18 AUG	£16,000	£72,043	78% below HPI

THE OLD CHAPEL 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 THE OLD CHAPEL sales between August 1995 and September 2013 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 2002 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2013 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is THE OLD CHAPEL?

THE OLD CHAPEL is 103m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 40% of detached houses in Drybrook, based on EPC data. The below chart shows the distribution of detached houses by size in Drybrook, and where THE OLD CHAPEL lies on this distribution: 34% of detached houses are smaller than THE OLD CHAPEL, and 65% of houses are larger. Note that EPC data is not available for all properties in Drybrook.

THE OLD CHAPEL: Plot and Title Map

THE OLD CHAPEL sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of THE OLD CHAPEL, 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 THE OLD CHAPEL). 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 THE OLD CHAPEL?

THE OLD CHAPEL is located on MORSE ROAD in DRYBROOK, in the GL17 postcode district. The below map shows the position of THE OLD CHAPEL on MORSE ROAD.