5, FORGE CLOSE, KIRKLINGTON, NEWARK, NG22 8GZ - £515,000

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

5 FORGE CLOSE is a midsized extended detached house of 175m², built sometime between 1996 and 2002. It was last sold for £515,000 in June 2022, which was around 63% above the average June 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2021, where the current energy rating was E, and the potential energy rating was C.

5 FORGE CLOSE Sold Prices

Land registry data shows four sales for 5 FORGE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 5 FORGE 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
2022 28 JUN	£515,000	£315,714	63% above HPI
2006 17 JUL	£335,000	£209,622	60% above HPI
2003 18 JUL	£335,000	£164,753	103% above HPI
2001 30 AUG	£255,000	£109,668	133% above HPI

5 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The four 5 FORGE CLOSE sales between August 2001 and June 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 July 2006 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the June 2022 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

How Large is 5 FORGE CLOSE?

5 FORGE CLOSE is 175m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 50% of detached houses in Kirklington, based on EPC data. The below chart shows the distribution of detached houses by size in Kirklington, and where 5 FORGE CLOSE lies on this distribution: 44% of detached houses are smaller than 5 FORGE CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Kirklington.

5 FORGE CLOSE: Plot and Title Map

5 FORGE CLOSE sits on a plot of roughly 0.207 of an acre, or 839m². The below map shows the location of 5 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 5 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 5 FORGE CLOSE?

5 FORGE CLOSE is located in KIRKLINGTON, in the NG22 postcode district. The below map shows the position of No. 5 on FORGE CLOSE.