38, FORGE CLOSE, CAERLEON, NEWPORT, NP18 3PW - £255,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

38 FORGE CLOSE is a very small semi-detached house of 71m², built sometime between 1991 and 1995. It was last sold for £255,000 in November 2022, which was around 35% below the average November 2022 detached price in the Newport local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

38 FORGE CLOSE Sold Prices

Land registry data shows two sales for 38 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 Newport local authority area for the corresponding sale date. Both of the two 38 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 4 NOV	£255,000	£392,491	35% below HPI
2017 20 MAR	£153,000	£263,221	42% below HPI

38 FORGE CLOSE 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 38 FORGE CLOSE sales from March 2017 and November 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 March 2017 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the November 2022 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 38 FORGE CLOSE?

38 FORGE CLOSE is 71m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of detached houses in Caerleon, based on EPC data. The below chart shows the distribution of detached houses by size in Caerleon, and where 38 FORGE CLOSE lies on this distribution: 5% of detached houses are smaller than 38 FORGE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Caerleon.

38 FORGE CLOSE: Plot and Title Map

38 FORGE CLOSE sits on a plot of roughly 0.040 of an acre, or 163m². The below map shows the location of 38 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 38 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 38 FORGE CLOSE?

38 FORGE CLOSE is located in CAERLEON, in the NP18 postcode district. The below map shows the position of No. 38 on FORGE CLOSE.