5, FORGE CLOSE, KIRKLINGTON, NEWARK, NG22 8GZ - £515,000

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.

5 FORGE CLOSE is a midsized extended detached house of 175m², built sometime between 1996 and 2002, which could now be worth an estimated £554,655. It was last sold for £515,000 in June 2022, which was around 57% above the average June 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2021, where the current energy rating was E, and the potential energy rating was C.

5 FORGE CLOSE Sold Prices

Land registry data shows four sales for 5 FORGE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 5 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 28 JUN	£515,000	£328,664	57% above HPI
2006 17 JUL	£335,000	£218,221	54% above HPI
2003 18 JUL	£335,000	£171,511	95% above HPI
2001 30 AUG	£255,000	£114,166	123% above HPI

5 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The four 5 FORGE CLOSE sales between August 2001 and June 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 July 2006 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the June 2022 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 5 FORGE CLOSE be worth now?

5 FORGE CLOSE might now be worth an estimated £554,655.

This is based on house price inflation of 7.7%, between June 2022 and May 2026, for detached houses, in the Newark and Sherwood 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 5 FORGE CLOSE of £515,000 on 28th June 2022. For the value to have increased from £515,000 to £554,655 over the four years and one month to May 2026, the following assumptions must hold true:

• The value of 5 FORGE CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The June 2022 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FORGE CLOSE has not materially changed since June 2022.

How Large is 5 FORGE CLOSE?

5 FORGE CLOSE is 175m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 50% of detached houses houses in Kirklington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kirklington, and where 5 FORGE CLOSE lies on this distribution: 41% of detached houses houses are smaller than 5 FORGE CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Kirklington.

5 FORGE CLOSE: Plot and Title Map

5 FORGE CLOSE sits on a plot of roughly 0.207 of an acre, or 839m². 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 KIRKLINGTON, in the NG22 postcode district. The below map shows the position of No. 5 on FORGE CLOSE.