4, FORGEWAY CLOSE, TORQUAY, TQ2 6SH - £390,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 FORGEWAY CLOSE is a very large detached house of 164m², built sometime between 1991 and 1995, which could now be worth an estimated £606,521. It was last sold for £390,000 in August 2010, which was around 39% above the average August 2010 detached price in the Torbay local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was C.

4 FORGEWAY CLOSE Sold Prices

Land registry data shows two sales for 4 FORGEWAY 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 Torbay local authority area for the corresponding sale date. Both of the two 4 FORGEWAY CLOSE 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
2010 10 AUG	£390,000	£279,674	39% above HPI
1998 30 NOV	£167,000	£100,864	66% above HPI

4 FORGEWAY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torbay local authority area over time, sourced from the HPI. The two 4 FORGEWAY CLOSE sales from November 1998 and August 2010 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 1998 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the August 2010 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 4 FORGEWAY CLOSE be worth now?

4 FORGEWAY CLOSE might now be worth an estimated £606,521.

This is based on house price inflation of 55.5%, between August 2010 and February 2025, for detached houses, in the Torbay local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 55.5% inflationary increase is applied to the most recent sale price for 4 FORGEWAY CLOSE of £390,000 on 10th August 2010. For the value to have increased from £390,000 to £606,521 over the fifteen years and six months to February 2025, the following assumptions must hold true:

• The value of 4 FORGEWAY CLOSE has moved in line with the HPI for detached houses in the Torbay local authority area.
• The August 2010 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 4 FORGEWAY CLOSE has not materially changed since August 2010.

How Large is 4 FORGEWAY CLOSE?

4 FORGEWAY CLOSE is 164m² according to the EPC inspection conducted in May 2024. This puts it in the largest 20% of detached houses houses in Paignton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Paignton, and where 4 FORGEWAY CLOSE lies on this distribution: 86% of detached houses houses are smaller than 4 FORGEWAY CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Paignton.

4 FORGEWAY CLOSE: Plot and Title Map

4 FORGEWAY CLOSE sits on a plot of roughly 0.120 of an acre, or 484m². The below map shows the location of 4 FORGEWAY 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 4 FORGEWAY 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 4 FORGEWAY CLOSE?

4 FORGEWAY CLOSE is located in TORQUAY, in the TQ2 postcode district. The below map shows the position of No. 4 on FORGEWAY CLOSE.