31, FORGE LANE, BASSALEG, NEWPORT, NP10 8RD - £230,000

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

31 FORGE LANE is a very large extended detached house of 203m². It was last sold for £230,000 in May 2012, which was around 10% above the average May 2012 detached price in the Newport local authority area. The most recent EPC inspection was October 2009, where the current energy rating was F, and the potential energy rating was E.

31 FORGE LANE Sold Prices

Land registry data shows two sales for 31 FORGE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newport local authority area for the corresponding sale date. Both of the two 31 FORGE LANE sales 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
2012 18 MAY	£230,000	£209,580	10% above HPI
2003 30 NOV	£250,000	£189,635	32% above HPI

31 FORGE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newport local authority area over time, sourced from the HPI. The two 31 FORGE LANE sales from November 2003 and May 2012 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 November 2003 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the May 2012 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 31 FORGE LANE?

31 FORGE LANE is 203m², which includes one extension, according to the EPC inspection conducted in October 2009. This puts it in the largest 10% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where 31 FORGE LANE lies on this distribution: 95% of detached houses are smaller than 31 FORGE LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Newport.

31 FORGE LANE: Plot and Title Map

31 FORGE LANE sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of 31 FORGE LANE, 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 31 FORGE LANE). 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 31 FORGE LANE?

31 FORGE LANE is located in BASSALEG, in the NP10 postcode district. The below map shows the position of No. 31 on FORGE LANE.