2, FORGE CLOSE, SPALDING, PE11 1XD - £340,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 FORGE CLOSE is a very large detached house of 199m², built sometime between 1996 and 2002. It was last sold for £340,000 in March 2016, which was around 65% above the average March 2016 detached price in the South Holland local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

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 South Holland local authority area for the corresponding sale date. Both of the two 2 FORGE CLOSE sales were for above 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 24 MAR	£340,000	£206,362	65% above HPI
2003 31 JAN	£201,500	£127,340	58% above HPI

2 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The two 2 FORGE CLOSE sales from January 2003 and March 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 January 2003 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the March 2016 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is 2 FORGE CLOSE?

2 FORGE CLOSE is 199m² according to the EPC inspection conducted in March 2024. This puts it in the largest 10% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 2 FORGE CLOSE lies on this distribution: 95% of detached houses are smaller than 2 FORGE CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Spalding.

2 FORGE CLOSE: Plot and Title Map

2 FORGE CLOSE sits on a plot of roughly 0.187 of an acre, or 758m². 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 SPALDING, in the PE11 postcode district. The below map shows the position of No. 2 on FORGE CLOSE.