GL16 7LG is a residential postcode situated on St. James Park, Lower Milkwall, Coleford, GL16 with 18 addresses.
It ranks as the 703rd largest and 113th most expensive of the 1,010 postcodes in the GL16 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 18 properties: 18 houses.
GL16 7LG is a residential postcode situated on St. James Park, Lower Milkwall, Coleford, GL16 with 18 addresses.
It ranks as the 703rd largest and 113th most expensive of the 1,010 postcodes in the GL16 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 18 properties: 18 houses.
Sale prices range from £166,960 for 2 bedroom freehold houses with a garden (495 ft2) to £220,913 for 3 bedroom freehold houses with a garden (818 ft2) .
Monthly rental prices range from £989 pcm for 2 bed houses to £1,278 pcm for 3 bed houses.
The gross rental yield is between 6.9% and 7.1%.
The average value per square foot is £306.
The current average value in the postcode is £190,891.
The GL16 7LG Sales Market has increased by 48.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.5% | £190,891 |
| April 2025 | 1.3% | £191,898 |
| April 2024 | -1.1% | £189,364 |
| April 2023 | 4.6% | £191,515 |
| April 2022 | 10.4% | £183,166 |
| April 2021 | 8.5% | £165,919 |
| April 2020 | 0.9% | £152,922 |
| April 2019 | 4.3% | £151,569 |
| April 2018 | 5.6% | £145,330 |
| April 2017 | 6.9% | £137,617 |
| April 2016 | 4.3% | £128,723 |
| April 2015 | 6.1% | £123,410 |
| April 2014 | 4.9% | £116,278 |
| April 2013 | -0.1% | £110,808 |
| April 2012 | -3.4% | £110,942 |
| April 2011 | -0.4% | £114,877 |
| April 2010 | 3.1% | £115,300 |
| April 2009 | -11% | £111,824 |
| April 2008 | 0.3% | £125,650 |
| April 2007 | 0% | £125,268 |
The current average rental value in the postcode is £1,122.
The GL16 7LG Rental Market has increased by 63.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3% | £1,122pcm |
| April 2025 | 5.3% | £1,089pcm |
| April 2024 | 7.9% | £1,035pcm |
| April 2023 | 6.7% | £959pcm |
| April 2022 | 9.8% | £899pcm |
| April 2021 | 6.1% | £819pcm |
| April 2020 | 0.9% | £772pcm |
| April 2019 | 3.6% | £765pcm |
| April 2018 | 2.4% | £738pcm |
| April 2017 | 5.1% | £721pcm |
| April 2016 | 4.3% | £686pcm |
| April 2015 | 3.4% | £658pcm |
| April 2014 | 2.6% | £636pcm |
| April 2013 | 2.8% | £620pcm |
| April 2012 | -0.4% | £604pcm |
| April 2011 | 2.1% | £606pcm |
| April 2010 | 0.9% | £594pcm |
| April 2009 | -9% | £588pcm |
| April 2008 | 6.2% | £646pcm |
| April 2007 | 0% | £609pcm |
GL16 7LG is the 703rd largest and the 113th most expensive postcode out of the 1,010 postcodes in the GL16 area.
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The closest station to GL16 7LG is Lydney station which is 8.5 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around GL16 7LG, 69.3% of property is privately owned outright and 22.8% is privately owned with a mortgage.
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around GL16 7LG, 11.9% of residents are recorded as possessing school level qualifications and 27.9% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around GL16 7LG, the average age was 44.7 and the most common age was 52.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around GL16 7LG, 0.4% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around GL16 7LG, there are an average of 1.5 cars per household.
See below for how this compares to South West and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.