1, FORGE CLOSE, BUDLEIGH SALTERTON, EX9 6QY - £385,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 FORGE CLOSE is a very small detached house of 73m², built sometime between 1991 and 1995. It was last sold for £385,000 in December 2023, which was around 26% below the average December 2023 detached price in the East Devon local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

1 FORGE CLOSE Sold Prices

Land registry data shows four sales for 1 FORGE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the four 1 FORGE CLOSE 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
2023 4 DEC	£385,000	£519,150	26% below HPI
2020 12 MAR	£279,950	£444,366	37% below HPI
2015 8 JUL	£230,000	£373,884	38% below HPI
2014 23 JAN	£240,000	£347,379	31% below HPI

1 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Devon local authority area over time, sourced from the HPI. The four 1 FORGE CLOSE sales between January 2014 and December 2023 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 2020 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the December 2023 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 1 FORGE CLOSE be worth now?

1 FORGE CLOSE might now be worth an estimated £402,623.

This is based on house price inflation of 4.6%, between December 2023 and December 2024, for detached houses, in the East Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.6% inflationary increase is applied to the most recent sale price for 1 FORGE CLOSE of £385,000 on 4th December 2023. For the value to have increased from £385,000 to £402,623 over the one year to December 2024, the following assumptions must hold true:

• The value of 1 FORGE CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The December 2023 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FORGE CLOSE has not materially changed since December 2023.

How Large is 1 FORGE CLOSE?

1 FORGE CLOSE is 73m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of detached houses houses in Budleigh Salterton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Budleigh Salterton, and where 1 FORGE CLOSE lies on this distribution: 5% of detached houses houses are smaller than 1 FORGE CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Budleigh Salterton.

1 FORGE CLOSE: Plot and Title Map

1 FORGE CLOSE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 1 FORGE CLOSE, 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 1 FORGE CLOSE). 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 1 FORGE CLOSE?

1 FORGE CLOSE is located in BUDLEIGH SALTERTON, in the EX9 postcode district. The below map shows the position of No. 1 on FORGE CLOSE.