2, FORGE WAY, CHESTER, CH4 7NN - £285,000

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

2 FORGE WAY is a small detached house of 92m², built sometime between 1967 and 1975. It was last sold for £285,000 in September 2023, which was around 30% below the average September 2023 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was August 2023, where the current energy rating was E, and the potential energy rating was B.

2 FORGE WAY Sold Prices

Land registry data shows two sales for 2 FORGE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cheshire West and Chester local authority area for the corresponding sale date. Both of the two 2 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
2023 22 SEP	£285,000	£406,236	30% below HPI
2023 28 JUL	£260,400	£407,874	36% below HPI

2 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 two 2 FORGE WAY sales from July 2023 and September 2023 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 July 2023 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the September 2023 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 2 FORGE WAY?

2 FORGE WAY is 92m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 30% of detached houses in Chester, based on EPC data. The below chart shows the distribution of detached houses by size in Chester, and where 2 FORGE WAY lies on this distribution: 27% of detached houses are smaller than 2 FORGE WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Chester.

2 FORGE WAY: Plot and Title Map

2 FORGE WAY sits on a plot of roughly 0.138 of an acre, or 557m². The below map shows the location of 2 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 2 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 2 FORGE WAY?

2 FORGE WAY is located in CHESTER, in the CH4 postcode district. The below map shows the position of No. 2 on FORGE WAY.