2, FORGE CLOSE, PALGRAVE, DISS, IP22 1AQ - £239,000

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

2 FORGE CLOSE is a small extended detached house of 118m², built sometime between 1967 and 1975, which could now be worth an estimated £346,281. It was last sold for £239,000 in July 2015, which was around 22% below the average July 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was C.

2 FORGE CLOSE Sold Prices

Land registry data shows two sales for 2 FORGE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two 2 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
2015 30 JUL	£239,000	£304,492	22% below HPI
2014 5 MAR	£180,000	£276,551	35% below HPI

2 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The two 2 FORGE CLOSE sales from March 2014 and July 2015 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 2014 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 2015 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2 FORGE CLOSE be worth now?

2 FORGE CLOSE might now be worth an estimated £346,281.

This is based on house price inflation of 44.9%, between July 2015 and December 2024, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 44.9% inflationary increase is applied to the most recent sale price for 2 FORGE CLOSE of £239,000 on 30th July 2015. For the value to have increased from £239,000 to £346,281 over the eight years and seven months to December 2024, the following assumptions must hold true:

• The value of 2 FORGE CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The July 2015 sale price of £239,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FORGE CLOSE has not materially changed since July 2015.

How Large is 2 FORGE CLOSE?

2 FORGE CLOSE is 118m², which includes one extension, according to the EPC inspection conducted in September 2013. This puts it in the smallest 30% of detached houses houses in Palgrave, based on EPC data. The below chart shows the distribution of detached houses houses by size in Palgrave, and where 2 FORGE CLOSE lies on this distribution: 27% of detached houses houses are smaller than 2 FORGE CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Palgrave.

2 FORGE CLOSE: Plot and Title Map

2 FORGE CLOSE sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of 2 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 2 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 2 FORGE CLOSE?

2 FORGE CLOSE is located in PALGRAVE, in the IP22 postcode district. The below map shows the position of No. 2 on FORGE CLOSE.