7, FORGE CLOSE, SOUTH KELSEY, MARKET RASEN, LN7 6PY - £258,000

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.

7 FORGE CLOSE is a small detached house of 116m², built sometime between 1991 and 1995, which could now be worth an estimated £289,647. It was last sold for £258,000 in August 2021, which was around 1% below the average August 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was C.

7 FORGE CLOSE Sold Prices

Land registry data shows two sales for 7 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. One of the two 7 FORGE CLOSE sales was for below the average price, whilst the other was roughly equal to 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 20 AUG	£258,000	£259,307	1% below HPI
2018 30 NOV	£225,000	£224,413	Close to HPI

7 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 7 FORGE CLOSE sales from November 2018 and August 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 November 2018 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2021 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 7 FORGE CLOSE be worth now?

7 FORGE CLOSE might now be worth an estimated £289,647.

This is based on house price inflation of 12.3%, between August 2021 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 12.3% inflationary increase is applied to the most recent sale price for 7 FORGE CLOSE of £258,000 on 20th August 2021. For the value to have increased from £258,000 to £289,647 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 7 FORGE CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2021 sale price of £258,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FORGE CLOSE has not materially changed since August 2021.

How Large is 7 FORGE CLOSE?

7 FORGE CLOSE is 116m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 40% 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 7 FORGE CLOSE lies on this distribution: 33% of detached houses houses are smaller than 7 FORGE CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in South Kelsey.

7 FORGE CLOSE: Plot and Title Map

7 FORGE CLOSE sits on a plot of roughly 0.168 of an acre, or 681m². 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 SOUTH KELSEY, in the LN7 postcode district. The below map shows the position of No. 7 on FORGE CLOSE.