5, FORGE WAY, CHESTER, CH4 7NN - £225,000

5 FORGE WAY is a very small detached house of 50m², built sometime between 1991 and 1995. It was last sold for £225,000 in January 2021, which was around 36% below the average January 2021 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

5 FORGE WAY Sold Prices

Land registry data shows two sales for 5 FORGE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cheshire West and Chester local authority area for the corresponding sale date. Both of the two 5 FORGE WAY 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
2021 15 JAN	£225,000	£354,194	36% below HPI
2003 26 JUN	£145,750	£190,053	23% below HPI

5 FORGE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire West and Chester local authority area over time, sourced from the HPI. The two 5 FORGE WAY sales from June 2003 and January 2021 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 June 2003 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2021 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 5 FORGE WAY?

5 FORGE WAY is 50m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of detached houses in Chester, based on EPC data. The below chart shows the distribution of detached houses by size in Chester, and where 5 FORGE WAY lies on this distribution: 1% of detached houses are smaller than 5 FORGE WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Chester.

5 FORGE WAY: Plot and Title Map

5 FORGE WAY sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 5 FORGE WAY, 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 WAY). 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 WAY?

5 FORGE WAY is located in CHESTER, in the CH4 postcode district. The below map shows the position of No. 5 on FORGE WAY.