7, FORGE CLOSE, PALGRAVE, DISS, IP22 1AQ - £173,750

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.

7 FORGE CLOSE is a very small terraced house of 82m², built sometime between 2003 and 2006, which could now be worth an estimated £251,873. It was last sold for £173,750 in August 2014, which was around 13% above the average August 2014 terraced price in the Mid Suffolk local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

7 FORGE CLOSE Sold Prices

Land registry data shows three sales for 7 FORGE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Mid Suffolk local authority area for the corresponding sale date. All of the three 7 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
2014 11 AUG	£173,750	£154,157	13% above HPI
2012 15 JUN	£167,000	£133,728	25% above HPI
2008 27 JUN	£184,995	£146,090	27% above HPI

7 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Mid Suffolk local authority area over time, sourced from the HPI. The three 7 FORGE CLOSE sales between June 2008 and August 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 June 2012 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2014 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 7 FORGE CLOSE be worth now?

7 FORGE CLOSE might now be worth an estimated £251,873.

This is based on house price inflation of 45%, between August 2014 and April 2026, for terraced houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 45% inflationary increase is applied to the most recent sale price for 7 FORGE CLOSE of £173,750 on 11th August 2014. For the value to have increased from £173,750 to £251,873 over the twelve years and four months to April 2026, the following assumptions must hold true:

• The value of 7 FORGE CLOSE has moved in line with the HPI for terraced houses in the Mid Suffolk local authority area.
• The August 2014 sale price of £173,750 represented a fair market value for the property.
• The size, condition, and specification of 7 FORGE CLOSE has not materially changed since August 2014.

How Large is 7 FORGE CLOSE?

7 FORGE CLOSE is 82m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 10% of terraced houses houses in Palgrave, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Palgrave, and where 7 FORGE CLOSE lies on this distribution: 8% of terraced houses houses are smaller than 7 FORGE CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Palgrave.

7 FORGE CLOSE: Plot and Title Map

7 FORGE CLOSE sits on a plot of roughly 0.310 of an acre, or 1,253m². The below map shows the location of 7 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 7 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 7 FORGE CLOSE?

7 FORGE CLOSE is located in PALGRAVE, in the IP22 postcode district. The below map shows the position of No. 7 on FORGE CLOSE.