7, FORGE CLOSE, MELBOURNE, YORK, YO42 4QS - £232,500

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

7 FORGE CLOSE is a midsized extended detached house of 161m², built sometime between 1996 and 2002, which could now be worth an estimated £641,930. It was last sold for £232,500 in July 2002, which was around 93% above the average July 2002 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was May 2017, where the current energy rating was E, and the potential energy rating was D.

7 FORGE CLOSE Sold Prices

Land registry data shows two sales for 7 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 East Riding of Yorkshire local authority area for the corresponding sale date. One of the two 7 FORGE CLOSE sales was for above the average price, whilst the other was 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
2002 4 JUL	£232,500	£120,167	93% above HPI
1998 8 APR	£27,300	£76,967	65% below HPI

7 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Riding of Yorkshire local authority area over time, sourced from the HPI. The two 7 FORGE CLOSE sales from April 1998 and July 2002 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 April 1998 sale was for 65% below the HPI. So the extrapolation line tracks at 65% below the HPI over time, until the July 2002 sale, where it rises to 93% above the HPI. The line then continues to track at 93% above the HPI.

What might 7 FORGE CLOSE be worth now?

7 FORGE CLOSE might now be worth an estimated £641,930.

This is based on house price inflation of 176.1%, between July 2002 and December 2024, for detached houses, in the East Riding of Yorkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 176.1% inflationary increase is applied to the most recent sale price for 7 FORGE CLOSE of £232,500 on 4th July 2002. For the value to have increased from £232,500 to £641,930 over the 21 years and seven months to December 2024, the following assumptions must hold true:

• The value of 7 FORGE CLOSE has moved in line with the HPI for detached houses in the East Riding of Yorkshire local authority area.
• The July 2002 sale price of £232,500 represented a fair market value for the property.
• The size, condition, and specification of 7 FORGE CLOSE has not materially changed since July 2002.

How Large is 7 FORGE CLOSE?

7 FORGE CLOSE is 161m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the largest 50% of detached houses houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melbourne, and where 7 FORGE CLOSE lies on this distribution: 55% of detached houses houses are smaller than 7 FORGE CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

7 FORGE CLOSE: Plot and Title Map

7 FORGE CLOSE sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 7 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 7 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 7 FORGE CLOSE?

7 FORGE CLOSE is located in MELBOURNE, in the YO42 postcode district. The below map shows the position of No. 7 on FORGE CLOSE.