3, FORGE CLOSE, MELBOURNE, YORK, YO42 4QS - £342,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 FORGE CLOSE is a midsized extended detached house of 164m², built sometime between 1996 and 2002. It was last sold for £342,000 in June 2013, which was around 64% above the average June 2013 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was April 2013, where the current energy rating was E, and the potential energy rating was C.

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 Riding of Yorkshire local authority area for the corresponding sale date. One of the two 3 FORGE CLOSE sales was for above the average price, whilst the other was 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
2013 28 JUN	£342,000	£208,824	64% above HPI
1998 16 OCT	£42,000	£81,592	49% below HPI

3 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Riding of Yorkshire local authority area over time, sourced from the HPI. The two 3 FORGE CLOSE sales from October 1998 and June 2013 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 1998 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the June 2013 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

How Large is 3 FORGE CLOSE?

3 FORGE CLOSE is 164m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the largest 40% of detached houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourne, and where 3 FORGE CLOSE lies on this distribution: 58% of detached houses are smaller than 3 FORGE CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

3 FORGE CLOSE: Plot and Title Map

3 FORGE CLOSE sits on a plot of roughly 0.194 of an acre, or 787m². 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 MELBOURNE, in the YO42 postcode district. The below map shows the position of No. 3 on FORGE CLOSE.