5, FORGE CLOSE, SOUTH KELSEY, MARKET RASEN, LN7 6PY - £234,500

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 detached house of 140m², built sometime between 1991 and 1995, which could now be worth an estimated £364,834. It was last sold for £234,500 in February 2007, which was around 25% above the average February 2007 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2009, where the current energy rating was E, and the potential energy rating was D.

5 FORGE CLOSE Sold Prices

Land registry data shows two sales for 5 FORGE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 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
2007 9 FEB	£234,500	£187,116	25% above HPI
1999 15 OCT	£100,000	£73,230	37% above HPI

5 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 5 FORGE CLOSE sales from October 1999 and February 2007 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 1999 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the February 2007 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 5 FORGE CLOSE be worth now?

5 FORGE CLOSE might now be worth an estimated £364,834.

This is based on house price inflation of 55.6%, between February 2007 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 55.6% inflationary increase is applied to the most recent sale price for 5 FORGE CLOSE of £234,500 on 9th February 2007. For the value to have increased from £234,500 to £364,834 over the eighteen years to February 2025, the following assumptions must hold true:

• The value of 5 FORGE CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The February 2007 sale price of £234,500 represented a fair market value for the property.
• The size, condition, and specification of 5 FORGE CLOSE has not materially changed since February 2007.

How Large is 5 FORGE CLOSE?

5 FORGE CLOSE is 140m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 50% of detached houses houses in South Kelsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Kelsey, and where 5 FORGE CLOSE lies on this distribution: 48% of detached houses houses are smaller than 5 FORGE CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in South Kelsey.

5 FORGE CLOSE: Plot and Title Map

5 FORGE CLOSE sits on a plot of roughly 0.184 of an acre, or 745m². 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 SOUTH KELSEY, in the LN7 postcode district. The below map shows the position of No. 5 on FORGE CLOSE.