3, FORGE CLOSE, BUDLEIGH SALTERTON, EX9 6QY - £355,000

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

3 FORGE CLOSE is a very small detached house of 74m², built sometime between 1983 and 1990. It was last sold for £355,000 in December 2022, which was around 31% below the average December 2022 detached price in the East Devon local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

3 FORGE CLOSE Sold Prices

Land registry data shows two sales for 3 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 East Devon local authority area for the corresponding sale date. Both of the two 3 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
2022 9 DEC	£355,000	£517,308	31% below HPI
2007 28 JUN	£180,000	£342,035	47% below HPI

3 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Devon local authority area over time, sourced from the HPI. The two 3 FORGE CLOSE sales from June 2007 and December 2022 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 June 2007 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the December 2022 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 3 FORGE CLOSE be worth now?

3 FORGE CLOSE might now be worth an estimated £372,571.

This is based on house price inflation of 4.9%, between December 2022 and December 2024, for detached houses, in the East Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.9% inflationary increase is applied to the most recent sale price for 3 FORGE CLOSE of £355,000 on 9th December 2022. For the value to have increased from £355,000 to £372,571 over the two years to December 2024, the following assumptions must hold true:

• The value of 3 FORGE CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The December 2022 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FORGE CLOSE has not materially changed since December 2022.

How Large is 3 FORGE CLOSE?

3 FORGE CLOSE is 74m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of detached houses houses in Budleigh Salterton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Budleigh Salterton, and where 3 FORGE CLOSE lies on this distribution: 6% of detached houses houses are smaller than 3 FORGE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Budleigh Salterton.

3 FORGE CLOSE: Plot and Title Map

3 FORGE CLOSE sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 3 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 3 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 3 FORGE CLOSE?

3 FORGE CLOSE is located in BUDLEIGH SALTERTON, in the EX9 postcode district. The below map shows the position of No. 3 on FORGE CLOSE.