48, FORGE CLOSE, CAERLEON, NEWPORT, NP18 3PW - £165,000

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

48 FORGE CLOSE is a small extended detached house of 104m², built sometime between 1983 and 1990. It was last sold for £165,000 in December 2011, which was around 24% below the average December 2011 detached price in the Newport local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

48 FORGE CLOSE Sold Prices

Land registry data shows three sales for 48 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 Newport local authority area for the corresponding sale date. All of the three 48 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
2011 19 DEC	£165,000	£216,756	24% below HPI
2000 8 SEP	£83,000	£108,533	24% below HPI
1997 30 SEP	£59,950	£93,538	36% below HPI

48 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 three 48 FORGE CLOSE sales between September 1997 and December 2011 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 September 2000 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the December 2011 sale, which was also at 24% below the HPI.

How Large is 48 FORGE CLOSE?

48 FORGE CLOSE is 104m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the smallest 40% of detached houses in Caerleon, based on EPC data. The below chart shows the distribution of detached houses by size in Caerleon, and where 48 FORGE CLOSE lies on this distribution: 32% of detached houses are smaller than 48 FORGE CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Caerleon.

48 FORGE CLOSE: Plot and Title Map

48 FORGE CLOSE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 48 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 48 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 48 FORGE CLOSE?

48 FORGE CLOSE is located in CAERLEON, in the NP18 postcode district. The below map shows the position of No. 48 on FORGE CLOSE.