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House Prices in GL16

The average house price in GL16 (Coleford) is £287,083 using HM Land Registry data.

The average property price increased by £65,868 (36.25%) over the last 5 years and increased by £13,168 (5.12%) over the last 12 months.

Over the last year, there were 146 residential property sales – a decrease of 66 transactions (-45.21%) relative to the previous year. The majority of house sales (31) were in the £208,000 - £266,000 range. Then came properties in the £150,000 - £208,000 range, where 28 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,786 (-3%).

In June 2024, there were 41 new estate agency instructions, 21 agreed home sales and 26 property price reductions.

5-Year Average Property Prices in GL16 (Coleford)

36.25%

Property prices in Coleford increased by 36.25% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in GL16 (Coleford) Over the Last Year

5.12%

Property prices in Coleford increased by 5.12% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for GL16 (Coleford) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in GL16 (Coleford)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in GL16 (Coleford)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in GL16 (Coleford)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the GL16 (Coleford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the GL16 postcode area since 1995.

Recent Sales in GL16 (Coleford)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
23 Mushet Place, Coleford, Gloucestershire, GL16 8HS	£400,000	£400,000	£00	24 Jan 2024	16 May 2024	113 Days
2 Roman Way, Coleford, Gloucestershire, GL16 8RN	£250,000	£246,000	-£4,000	19 Oct 2023	01 May 2024	195 Days
3 Poolway Place, Coleford, Gloucestershire, GL16 8DF	£299,950	£299,950	£00	23 Jan 2024	24 Apr 2024	92 Days
31 Bells Place, Coleford, Gloucestershire, GL16 8BX	£235,000	£235,000	£00	17 Jan 2024	19 Apr 2024	93 Days
8 Boxbush Road, Coleford, Gloucestershire, GL16 8DN	£450,000	£440,000	-£10,000	26 Jan 2024	02 Apr 2024	67 Days
42 Boxbush Road, Coleford, Gloucestershire, GL16 8DN	£299,950	£260,000	-£39,950	27 Sep 2023	25 Mar 2024	180 Days
Deanoaks, Parkend Road, Coalway, Coleford, Gloucestershire, GL16 7HX	£375,000	£355,000	-£20,000	14 Oct 2023	26 Feb 2024	135 Days
20 High Nash, Coleford, Gloucestershire, GL16 8HN	£260,000	£260,000	£00	17 Oct 2023	02 Feb 2024	108 Days
5 Owen Gardens, Coleford, Gloucestershire, GL16 8EB	£299,950	£280,000	-£19,950	18 Oct 2023	26 Jan 2024	100 Days
73 Lawdley Road, Coleford, Gloucestershire, GL16 8SA	£103,000	£85,000	-£18,000	26 Apr 2014	19 Jan 2024	3555 Days
Landfall, High Street, Clearwell, Coleford, Gloucestershire, GL16 8JS	£310,000	£300,000	-£10,000	11 Dec 2023	19 Jan 2024	39 Days
2 Kells Meend, Berry Hill, Coleford, Gloucestershire, GL16 7AD	£250,000	£230,000	-£20,000	01 Aug 2023	08 Jan 2024	160 Days
3 Nash Way, Coleford, Gloucestershire, GL16 8RQ	£304,950	£304,950	£00	24 Feb 2023	03 Jan 2024	313 Days
10 Meadow Walk, Sling, Coleford, Gloucestershire, GL16 8LR	£180,000	£178,000	-£2,000	10 Jun 2020	12 Dec 2023	1280 Days
Flat 1, Chapel Apartments, Bank Street, Coleford, Gloucestershire, GL16 8BA	£124,500	£122,250	-£2,250	01 Sep 2023	12 Dec 2023	102 Days
2 Bramble Road, Milkwall, Coleford, Gloucestershire, GL16 7PS	£189,950	£189,950	£00	23 Aug 2023	01 Dec 2023	100 Days
41 Birch Park, Coalway, Coleford, Gloucestershire, GL16 7RU	£255,000	£237,500	-£17,500	08 May 2023	23 Nov 2023	199 Days
28 Poolway Place, Coleford, Gloucestershire, GL16 8DF	£275,000	£275,000	£00	23 Jan 2023	17 Nov 2023	298 Days
37 The Links, Coleford, Gloucestershire, GL16 8HX	£215,000	£215,000	£00	06 Jun 2023	16 Nov 2023	163 Days
17 Orchard Road, Coleford, Gloucestershire, GL16 8AU	£350,000	£335,000	-£15,000	13 Mar 2023	10 Nov 2023	242 Days

Most Expensive Streets in GL16 (Coleford)

Postcode	Street	Area	Average	No. of Sales
GL16 8NR	Newland	Coleford	£661,666	3
GL16 7PA	English Bicknor	Coleford	£562,666	3
GL16 8NB	Whitecliff	Coleford	£495,666	3
GL16 7NW	Lilly Close, Christchurch	Coleford	£492,000	5
GL16 7LR	Gorsty Knoll	Coleford	£486,990	5
GL16 8NP	Newland	Coleford	£486,375	4
GL16 7PD	English Bicknor	Coleford	£478,990	5
GL16 8NJ	Newland	Coleford	£465,000	3
GL16 8QJ	Marians Lane, Berry Hill	Coleford	£441,666	3
GL16 7LY	Ellwood	Coleford	£432,743	8

Least Expensive Streets in GL16 (Coleford)

Postcode	Street	Area	Average	No. of Sales
GL16 8DD	Marine Gardens	Coleford	£89,062	4
GL16 8BL	Gloucester Road	Coleford	£118,000	3
GL16 7JG	Edinburgh Place, Broadwell	Coleford	£121,666	3
GL16 8EN	Oakfields	Coleford	£131,437	4
GL16 7DY	Conway Court, Berry Hill	Coleford	£133,416	3
GL16 8RU	Sylvan Close	Coleford	£135,125	8
GL16 8DP	Kings Head Apartments, Spout Lane	Coleford	£140,583	6
GL16 8RP	Fairways Avenue	Coleford	£140,944	9
GL16 8BB	Springfield Close	Coleford	£141,166	6
GL16 8BH	Gloucester Road	Coleford	£144,666	6