15, FORGE CLOSE, CHALTON, LUTON, LU4 9UT - £325,000

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

15 FORGE CLOSE is a very small detached house of 79m², built sometime between 1991 and 1995. It was last sold for £325,000 in September 2016, which was around 30% below the average September 2016 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

15 FORGE CLOSE Sold Prices

Land registry data shows four sales for 15 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 Central Bedfordshire local authority area for the corresponding sale date. All of the four 15 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
2016 14 SEP	£325,000	£464,303	30% below HPI
2006 1 SEP	£197,500	£309,647	36% below HPI
2002 13 DEC	£185,000	£257,292	28% below HPI
2001 17 AUG	£155,995	£195,697	20% below HPI

15 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The four 15 FORGE CLOSE sales between August 2001 and September 2016 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 September 2006 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the September 2016 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 15 FORGE CLOSE?

15 FORGE CLOSE is 79m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 10% of detached houses in Chalton, based on EPC data. The below chart shows the distribution of detached houses by size in Chalton, and where 15 FORGE CLOSE lies on this distribution: 6% of detached houses are smaller than 15 FORGE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Chalton.

15 FORGE CLOSE: Plot and Title Map

15 FORGE CLOSE sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 15 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 15 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 15 FORGE CLOSE?

15 FORGE CLOSE is located in CHALTON, in the LU4 postcode district. The below map shows the position of No. 15 on FORGE CLOSE.