1, FORGE WAY, CHESTER, CH4 7NN - £135,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 FORGE WAY is a very small extended detached house of 77m², built sometime between 1976 and 1982. It was last sold for £135,000 in February 2024, which was around 67% below the average February 2024 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was B.

1 FORGE WAY Sold Prices

Land registry data shows four sales for 1 FORGE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cheshire West and Chester local authority area for the corresponding sale date. All of the four 1 FORGE WAY 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
2024 16 FEB	£135,000	£408,202	67% below HPI
2008 10 OCT	£205,000	£264,812	23% below HPI
2002 23 AUG	£143,000	£169,542	16% below HPI
1999 26 APR	£79,500	£108,084	26% below HPI

1 FORGE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire West and Chester local authority area over time, sourced from the HPI. The four 1 FORGE WAY sales between April 1999 and February 2024 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 October 2008 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2024 sale, where it falls to 67% below the HPI. The line then continues to track at 67% below the HPI.

How Large is 1 FORGE WAY?

1 FORGE WAY is 77m², which includes one extension, according to the EPC inspection conducted in January 2024. This puts it in the smallest 20% of detached houses in Chester, based on EPC data. The below chart shows the distribution of detached houses by size in Chester, and where 1 FORGE WAY lies on this distribution: 12% of detached houses are smaller than 1 FORGE WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Chester.

1 FORGE WAY: Plot and Title Map

1 FORGE WAY sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of 1 FORGE WAY, 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 WAY). 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 WAY?

1 FORGE WAY is located in CHESTER, in the CH4 postcode district. The below map shows the position of No. 1 on FORGE WAY.