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

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 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 66% 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	£205,351	66% above HPI
2003 31 JAN	£201,500	£126,717	59% 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 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the March 2016 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

What might 2 FORGE CLOSE be worth now?

2 FORGE CLOSE might now be worth an estimated £473,512.

This is based on house price inflation of 39.3%, between March 2016 and December 2024, for detached houses, in the South Holland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.3% inflationary increase is applied to the most recent sale price for 2 FORGE CLOSE of £340,000 on 24th March 2016. For the value to have increased from £340,000 to £473,512 over the seven years and three 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 South Holland local authority area.
• The March 2016 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FORGE CLOSE has not materially changed since March 2016.

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 houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spalding, and where 2 FORGE CLOSE lies on this distribution: 95% of detached houses 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.