Housing Market Analysis for MICHAELS WAY, GL16 8LZ

Are you looking to understand GL16 8LZ house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Forest of Dean postcode.

For the location information and nearby amenities in the GL16 8LZ area, explore the GL16 8LZ Area information page.
For comprehensive crime statistics in the GL16 8LZ area, explore the GL16 8LZ Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the GL16 8LZ postcode area, The average prices are as follows,

  • Semi-Detached
    • The average price is around £123,952 median price is £135,000 Standard Deviation is £52,115 with Total Sold: 26
    • The Last 5 Year average price is £200,000 with Total Sold: 3
    • The most recent sale happened at this postcode is 7 MICHAELS WAY: £212,000 (Sold on 30 Nov 2023)
    • The first recorded sale happened at this postcode is 8 MICHAELS WAY: £40,000 (Sold on 31 Mar 1995)
  • Detached
    • The average price is around £125,075 median price is £101,500 Standard Deviation is £73,886 with Total Sold: 10
    • The Last 5 Year average price is £245,000 with Total Sold: 2
    • The most recent sale happened at this postcode is 22 MICHAELS WAY: £260,000 (Sold on 02 Oct 2023)
    • The first recorded sale happened at this postcode is 12 MICHAELS WAY: £39,000 (Sold on 04 Apr 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average GL16 8LZ house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£212,000 £2,163 1
2022£220,000 £3,438 1
2020£168,000 £2,333 1
2018£181,250 £2,475 2
2015£153,0001
2014£162,500 £2,216 2
2011£115,000 £1,597 1
2010£103,500 £1,438 1
2009£118,000 £1,934 1
2007£145,750 £2,669 2
2006£149,917 £1,569 3
2004£136,000 £1,863 1
2003£90,125 £1,516 2
2001£88,000 £931 1
2000£54,000 £750 1
1999£64,000 £677 1
1997£58,2501
1996£48,000 £750 1
1995£38,000 £545 2
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£260,000 £4,194 1
2022£230,000 £2,875 1
2017£170,000 £2,742 1
2015£168,000 £2,710 1
2003£107,000 £1,446 1
2002£96,000 £1,200 1
1999£51,750 £647 1
1997£54,000 £871 1
1996£75,000 £507 1
1995£39,000 £488 1

All the Sales in the MICHAELS WAY, GL16 8LZ

See the table below for more details on the sold house prices in the GL16 8LZ, Forest of Dean postcode.

AddressSold DatePrice% Change
7 MICHAELS WAYSemi-Detached, FreeholdArea: 98 Sq.mtrAge: 1976-198230 Nov 2023£212,00054.74%
07 Apr 2006£137,000First Sale
22 MICHAELS WAYDetached, FreeholdArea: 62 Sq.mtrAge: 1983-199002 Oct 2023£260,00052.94%
30 Jun 2017£170,0001.19%
19 Jan 2015£168,000211.11%
27 Mar 1997£54,000First Sale
12 MICHAELS WAYDetached, FreeholdArea: 80 Sq.mtrAge: 1991-199525 May 2022£230,000139.58%
02 Aug 2002£96,00085.51%
29 Oct 1999£51,75032.69%
04 Apr 1995£39,000First Sale
24 MICHAELS WAYSemi-Detached, FreeholdArea: 64 Sq.mtrAge: 1983-199021 Jan 2022£220,000358.33%
30 Aug 1996£48,000First Sale
3 MICHAELS WAYSemi-Detached, FreeholdArea: 72 Sq.mtrAge: 1983-199030 Nov 2020£168,00046.09%
16 Dec 2011£115,00011.11%
08 Jun 2010£103,50091.67%
30 Nov 2000£54,000First Sale
20 MICHAELS WAYSemi-Detached, FreeholdArea: 94.5 Sq.mtrAge: 1983-199009 Nov 2018£187,50010.95%
01 Aug 2014£169,00010.64%
17 Nov 2006£152,750-4.53%
15 Mar 2006£160,00081.82%
12 Sep 2001£88,00037.50%
05 Mar 1999£64,000First Sale
23 MICHAELS WAYSemi-Detached, FreeholdArea: 59 Sq.mtrAge: 1983-199024 May 2018£175,00012.18%
07 May 2014£156,000-0.95%
01 Aug 2007£157,500First Sale
15 MICHAELS WAYSemi-Detached, Freehold07 Aug 2015£153,000First Sale
4 MICHAELS WAYSemi-Detached, FreeholdArea: 61 Sq.mtrAge: 1983-199016 Oct 2009£118,00027.57%
31 Jul 2003£92,500First Sale
8 MICHAELS WAYSemi-Detached, Freehold02 Mar 2007£134,000235.00%
31 Mar 1995£40,000First Sale
16 MICHAELS WAYSemi-Detached, FreeholdArea: 73 Sq.mtrAge: 1983-199029 Jan 2004£136,000First Sale
10 MICHAELS WAYDetached, FreeholdArea: 74 Sq.mtrAge: 1983-199005 Sep 2003£107,000First Sale
5 MICHAELS WAYSemi-Detached, Freehold25 Apr 2003£87,750First Sale
19 MICHAELS WAYSemi-Detached, Freehold14 Nov 1997£58,250First Sale
17 MICHAELS WAYDetached, FreeholdArea: 148 Sq.mtrAge: 1991-199516 Dec 1996£75,000First Sale
11 MICHAELS WAYSemi-Detached, FreeholdArea: 66 Sq.mtrAge: 1983-199018 Oct 1995£36,000First Sale

Check out the sold house prices near the GL16 8LZ postcode. Properties currently for saleProperties currently for rent

MICHAELS WAY, GL16 8LZ Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the GL16 8LZ postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the GL16 8LZ postcode.

  • Semi-Detached
    • The average price is around £123,380 median price is £127,500 Standard Deviation is £61,073 with Total Sold: 209
    • The Last 5 Year average price is £217,958 with Total Sold: 25
    • The most recent sale happened at this postcode is , 10 MEADOW WALK: £178,000 (Sold on 12 Dec 2023)
    • The first recorded sale happened at this postcode is , 3 HAWTHORN DRIVE: £40,000 (Sold on 20 Jan 1995)
  • Detached
    • The average price is around £170,251 median price is £153,000 Standard Deviation is £106,261 with Total Sold: 153
    • The Last 5 Year average price is £322,368 with Total Sold: 22
    • The most recent sale happened at this postcode is , 19 CLAYS ROAD: £262,500 (Sold on 03 Nov 2023)
    • The first recorded sale happened at this postcode is , 12 MICHAELS WAY: £39,000 (Sold on 04 Apr 1995)
  • Other
    • The average price is around £257,711 median price is £250,000 Standard Deviation is £118,657 with Total Sold: 9
    • The Last 5 Year average price is £341,100 with Total Sold: 4
    • The most recent sale happened at this postcode is UNIT 12, NEW DUNN BUSINESS PARK : £375,000 (Sold on 29 Aug 2023)
    • The first recorded sale happened at this postcode is , 18 CLAYS ROAD: £65,000 (Sold on 22 Aug 2016)
  • Terraced
    • The average price is around £99,692 median price is £103,000 Standard Deviation is £54,003 with Total Sold: 43
    • The Last 5 Year average price is £214,750 with Total Sold: 4
    • The most recent sale happened at this postcode is , 43 COUNCIL VILLAS OAKWOOD ROAD: £235,000 (Sold on 14 Jul 2023)
    • The first recorded sale happened at this postcode is , 22 PARKEND WALK: £25,850 (Sold on 01 Apr 1995)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£230,667 £2,674 6
2022£231,500 £3,059 8
2021£233,890 £2,923 5
2020£179,500 £2,404 4
2019£162,750 £2,481 2
2018£192,768 £2,211 11
2017£164,100 £2,012 5
2016£151,390 £2,019 10
2015£160,245 £2,112 10
2014£148,773 £1,777 11
2013£132,750 £1,733 8
2012£133,667 £1,963 3
2011£123,208 £1,528 12
2010£126,400 £1,714 5
2009£133,000 £1,877 5
2008£95,000 £421 2
2007£160,917 £2,153 6
2006£153,208 £1,908 6
2005£140,167 £1,857 4
2004£124,350 £1,731 10
2003£99,600 £1,453 5
2002£73,112 £1,003 13
2001£69,285 £940 7
2000£61,021 £822 14
1999£52,939 £761 8
1998£50,862 £665 4
1997£45,856 £650 16
1996£44,400 £621 5
1995£38,988 £469 4
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£301,312 £3,464 8
2022£352,917 £4,440 6
2021£354,500 £2,686 5
2020£285,800 £2,477 2
2019£220,000 £1,803 1
2018£307,500 £2,460 1
2017£219,714 £2,337 7
2016£243,431 £2,663 8
2015£237,000 £2,353 4
2014£220,333 £2,265 3
2013£224,167 £1,792 3
2012£129,167 £1,504 3
2011£175,000 £2,098 1
2010£125,000 £1,438 1
2009£167,500 £1,643 2
2008£181,540 £1,501 5
2007£235,272 £2,517 11
2006£142,833 £2,087 3
2005£231,2502
2004£130,075 £1,631 2
2003£159,940 £1,429 10
2002£118,768 £1,102 15
2001£112,250 £1,057 6
2000£85,425 £985 8
1999£71,409 £923 11
1998£105,300 £871 5
1997£61,300 £632 5
1996£63,722 £643 9
1995£47,125 £483 6
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£375,0001
2022£485,000 £3,345 1
2020£232,0001
2019£272,4001
2017£262,500 £2,500 2
2016£143,333 £677 3
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£232,500 £3,044 2
2022£182,000 £2,193 1
2021£212,000 £2,099 1
2018£140,000 £1,687 1
2016£113,833 £1,413 3
2015£136,000 £1,700 1
2014£100,000 £1,282 1
2013£110,000 £1,486 1
2012£117,000 £1,410 1
2011£137,833 £1,996 3
2010£105,000 £1,571 1
2009£132,500 £1,509 2
2008£110,000 £1,389 3
2007£123,000 £1,336 2
2006£123,975 £1,599 2
2004£60,0001
2002£70,332 £902 3
2001£57,250 £851 2
2000£49,250 £636 2
1998£44,000 £568 2
1997£39,590 £512 5
1996£38,0001
1995£33,925 £354 2

House Type in GL16 8LZ area

The most common house types in the GL16 8LZ postcode area are Detached (67), Semi-detached (64), and Terraced (2).

Total134
Detached67
Semi-detached64
Terraced2
commercial building1
Flat0
Shared house0
converted building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (70), and Owned: Owns with a mortgage or loan (45).

Owned: Owns outright70
Owned: Owns with a mortgage or loan45
Private rented: Private landlord or letting agency7
Social rented: Other social rented5
Private rented: Other private rented3
Social rented: Rents from council or Local Authority1
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the GL16 8LZ have 2 people in household (63), and 1 person in household (30).

2 people in household63
1 person in household30
3 people in household23
4 people in household13
5 people in household4
7 people in household1
0 people in household0
6 people in household0
8 or more people in household0