5, FORGE LANE, BASSALEG, NEWPORT, NP10 8NF - £590,000

5 FORGE LANE is a very large extended detached house of 202m², built sometime between 1930 and 1949. It was last sold for £590,000 in January 2023, which was around 44% above the average January 2023 detached price in the Newport local authority area. The most recent EPC inspection was June 2019, where the current energy rating was E, and the potential energy rating was C.

5 FORGE LANE Sold Prices

Land registry data shows two sales for 5 FORGE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newport local authority area for the corresponding sale date. Both of the two 5 FORGE LANE 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
2023 12 JAN	£590,000	£410,842	44% above HPI
2006 12 JAN	£318,000	£226,580	40% above HPI

5 FORGE LANE 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 two 5 FORGE LANE sales from January 2006 and January 2023 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 January 2006 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the January 2023 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

How Large is 5 FORGE LANE?

5 FORGE LANE is 202m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 10% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where 5 FORGE LANE lies on this distribution: 95% of detached houses are smaller than 5 FORGE LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Newport.

5 FORGE LANE: Plot and Title Map

5 FORGE LANE sits on a plot of roughly 0.140 of an acre, or 568m². The below map shows the location of 5 FORGE LANE, 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 LANE). 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 LANE?

5 FORGE LANE is located in BASSALEG, in the NP10 postcode district. The below map shows the position of No. 5 on FORGE LANE.