3, FORGE CLOSE, CHALTON, LUTON, LU4 9UT - £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

3 FORGE CLOSE is a small detached house of 107m², built sometime between 1996 and 2002. It was last sold for £285,000 in April 2007, which was around 11% below the average April 2007 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

3 FORGE CLOSE Sold Prices

Land registry data shows three sales for 3 FORGE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. Two of the three 3 FORGE CLOSE sales were for below the average price, whilst one was 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
2007 10 APR	£285,000	£320,082	11% below HPI
2001 1 OCT	£170,000	£203,027	16% below HPI
1997 8 MAY	£111,250	£110,200	1% above HPI

3 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The three 3 FORGE CLOSE sales between May 1997 and April 2007 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 October 2001 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the April 2007 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 3 FORGE CLOSE?

3 FORGE CLOSE is 107m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 40% of detached houses in Chalton, based on EPC data. The below chart shows the distribution of detached houses by size in Chalton, and where 3 FORGE CLOSE lies on this distribution: 35% of detached houses are smaller than 3 FORGE CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Chalton.

3 FORGE CLOSE: Plot and Title Map

3 FORGE CLOSE sits on a plot of roughly 0.063 of an acre, or 256m². 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 CHALTON, in the LU4 postcode district. The below map shows the position of No. 3 on FORGE CLOSE.