3, FORGE CLOSE, GAWSWORTH, MACCLESFIELD, SK11 9EW - £345,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 FORGE CLOSE is a small extended detached house of 124m², built sometime between 1991 and 1995, which could now be worth an estimated £424,849. It was last sold for £345,000 in November 2020, which was around 12% below the average November 2020 detached price in the Cheshire East local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

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 Cheshire East local authority area for the corresponding sale date. One of the three 3 FORGE CLOSE sales was for below the average price, whilst two 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
2020 13 NOV	£345,000	£391,646	12% below HPI
2015 1 APR	£322,500	£305,133	6% above HPI
2000 14 APR	£190,000	£126,799	50% above HPI

3 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire East local authority area over time, sourced from the HPI. The three 3 FORGE CLOSE sales between April 2000 and November 2020 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 April 2015 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the November 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 3 FORGE CLOSE be worth now?

3 FORGE CLOSE might now be worth an estimated £424,849.

This is based on house price inflation of 23.1%, between November 2020 and February 2025, for detached houses, in the Cheshire East local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.1% inflationary increase is applied to the most recent sale price for 3 FORGE CLOSE of £345,000 on 13th November 2020. For the value to have increased from £345,000 to £424,849 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 FORGE CLOSE has moved in line with the HPI for detached houses in the Cheshire East local authority area.
• The November 2020 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FORGE CLOSE has not materially changed since November 2020.

How Large is 3 FORGE CLOSE?

3 FORGE CLOSE is 124m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 40% of detached houses houses in Gawsworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gawsworth, and where 3 FORGE CLOSE lies on this distribution: 38% of detached houses houses are smaller than 3 FORGE CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Gawsworth.

3 FORGE CLOSE: Plot and Title Map

3 FORGE CLOSE sits on a plot of roughly 0.075 of an acre, or 305m². 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 GAWSWORTH, in the SK11 postcode district. The below map shows the position of No. 3 on FORGE CLOSE.