4, FORGE CLOSE, CAERLEON, NEWPORT, NP18 3PU - £323,000

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.

4 FORGE CLOSE is a midsized detached house of 120m², built sometime between 1983 and 1990, which could now be worth an estimated £348,017. It was last sold for £323,000 in August 2022, which was around 14% below the average August 2022 detached price in the Newport local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was C.

4 FORGE CLOSE Sold Prices

Land registry data shows three sales for 4 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. The three 4 FORGE CLOSE sales were a mix of below the average price, and roughly equal to 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 10 AUG	£323,000	£374,574	14% below HPI
2017 8 SEP	£265,000	£265,735	Close to HPI
1996 30 AUG	£69,000	£79,718	13% below HPI

4 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 4 FORGE CLOSE sales between August 1996 and August 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 September 2017 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2022 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 4 FORGE CLOSE be worth now?

4 FORGE CLOSE might now be worth an estimated £348,017.

This is based on house price inflation of 7.7%, between August 2022 and April 2026, for detached 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 7.7% inflationary increase is applied to the most recent sale price for 4 FORGE CLOSE of £323,000 on 10th August 2022. For the value to have increased from £323,000 to £348,017 over the four years and four months to April 2026, the following assumptions must hold true:

• The value of 4 FORGE CLOSE has moved in line with the HPI for detached houses in the Newport local authority area.
• The August 2022 sale price of £323,000 represented a fair market value for the property.
• The size, condition, and specification of 4 FORGE CLOSE has not materially changed since August 2022.

How Large is 4 FORGE CLOSE?

4 FORGE CLOSE is 120m² according to the EPC inspection conducted in April 2021. This puts it in the largest 50% of detached houses houses in Caerleon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caerleon, and where 4 FORGE CLOSE lies on this distribution: 49% of detached houses houses are smaller than 4 FORGE CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Caerleon.

4 FORGE CLOSE: Plot and Title Map

4 FORGE CLOSE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 4 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 4 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 4 FORGE CLOSE?

4 FORGE CLOSE is located in CAERLEON, in the NP18 postcode district. The below map shows the position of No. 4 on FORGE CLOSE.