5, FORGE CLOSE, CHALTON, LUTON, LU4 9UT - £320,000

5 FORGE CLOSE is a midsized extended detached house of 114m², built sometime between 1983 and 1990. It was last sold for £320,000 in February 2014, which was around 5% below the average February 2014 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was C.

5 FORGE CLOSE Sold Prices

Land registry data shows three sales for 5 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 Central Bedfordshire local authority area for the corresponding sale date. All of the three 5 FORGE CLOSE sales were 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
2014 7 FEB	£320,000	£338,169	5% below HPI
2007 12 OCT	£290,000	£339,286	15% below HPI
1998 29 JAN	£114,000	£121,253	6% below HPI

5 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The three 5 FORGE CLOSE sales between January 1998 and February 2014 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 October 2007 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2014 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 5 FORGE CLOSE?

5 FORGE CLOSE is 114m², which includes one extension, according to the EPC inspection conducted in September 2013. This puts it in the smallest 40% of detached houses in Chalton, based on EPC data. The below chart shows the distribution of detached houses by size in Chalton, and where 5 FORGE CLOSE lies on this distribution: 40% of detached houses are smaller than 5 FORGE CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Chalton.

5 FORGE CLOSE: Plot and Title Map

5 FORGE CLOSE sits on a plot of roughly 0.059 of an acre, or 240m². 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 CHALTON, in the LU4 postcode district. The below map shows the position of No. 5 on FORGE CLOSE.