7, FORGE LANE, BASSALEG, NEWPORT, NP10 8NF - £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

7 FORGE LANE is a very large extended detached house of 154m², built sometime between 1967 and 1975. It was last sold for £515,000 in January 2024, which was around 34% above the average January 2024 detached price in the Newport local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

7 FORGE LANE Sold Prices

Land registry data shows two sales for 7 FORGE LANE 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 7 FORGE LANE 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
2024 24 JAN	£515,000	£384,903	34% above HPI
2002 21 NOV	£199,950	£152,764	31% above HPI

7 FORGE LANE 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 7 FORGE LANE sales from November 2002 and January 2024 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 2002 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the January 2024 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is 7 FORGE LANE?

7 FORGE LANE is 154m², which includes three extensions, according to the EPC inspection conducted in March 2023. This puts it in the largest 20% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where 7 FORGE LANE lies on this distribution: 86% of detached houses are smaller than 7 FORGE LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Newport.

7 FORGE LANE: Plot and Title Map

7 FORGE LANE sits on a plot of roughly 0.144 of an acre, or 583m². The below map shows the location of 7 FORGE LANE, 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 LANE). 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 LANE?

7 FORGE LANE is located in BASSALEG, in the NP10 postcode district. The below map shows the position of No. 7 on FORGE LANE.