23, FORGE CLOSE, CAERLEON, NEWPORT, NP18 3PU - £165,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

23 FORGE CLOSE is a very small terraced house of 56m², built sometime between 1996 and 2002, which could now be worth an estimated £177,476. It was last sold for £165,000 in October 2022, which was around 7% below the average October 2022 terraced price in the Newport local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

23 FORGE CLOSE Sold Prices

Land registry data shows four sales for 23 FORGE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Newport local authority area for the corresponding sale date. Most of the four 23 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 14 OCT	£165,000	£177,081	7% below HPI
2013 17 MAY	£108,000	£97,468	11% above HPI
2003 19 JUN	£87,500	£68,963	27% above HPI
2001 26 JAN	£55,000	£46,072	19% above HPI

23 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Newport local authority area over time, sourced from the HPI. The four 23 FORGE CLOSE sales between January 2001 and October 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 May 2013 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the October 2022 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 23 FORGE CLOSE be worth now?

23 FORGE CLOSE might now be worth an estimated £177,476.

This is based on house price inflation of 7.6%, between October 2022 and April 2026, for terraced houses, in the Newport local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.6% inflationary increase is applied to the most recent sale price for 23 FORGE CLOSE of £165,000 on 14th October 2022. For the value to have increased from £165,000 to £177,476 over the four years and six months to April 2026, the following assumptions must hold true:

• The value of 23 FORGE CLOSE has moved in line with the HPI for terraced houses in the Newport local authority area.
• The October 2022 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 23 FORGE CLOSE has not materially changed since October 2022.

How Large is 23 FORGE CLOSE?

23 FORGE CLOSE is 56m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 10% of terraced houses houses in Caerleon, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Caerleon, and where 23 FORGE CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 23 FORGE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Caerleon.

23 FORGE CLOSE: Plot and Title Map

23 FORGE CLOSE sits on a plot of roughly 0.025 of an acre, or 102m². The below map shows the location of 23 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 23 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 23 FORGE CLOSE?

23 FORGE CLOSE is located in CAERLEON, in the NP18 postcode district. The below map shows the position of No. 23 on FORGE CLOSE.