8, FORGE WAY, PORTHCAWL, CF36 3RP - £292,000

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.

8 FORGE WAY is a very small extended detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £321,820. It was last sold for £292,000 in June 2022, which was around 1% below the average June 2022 detached price in the Bridgend local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

8 FORGE WAY Sold Prices

Land registry data shows three sales for 8 FORGE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bridgend local authority area for the corresponding sale date. All of the three 8 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
2022 27 JUN	£292,000	£294,366	1% below HPI
2018 22 OCT	£198,000	£219,809	10% below HPI
2006 14 FEB	£156,000	£168,536	7% below HPI

8 FORGE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bridgend local authority area over time, sourced from the HPI. The three 8 FORGE WAY sales between February 2006 and June 2022 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 2018 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2022 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 8 FORGE WAY be worth now?

8 FORGE WAY might now be worth an estimated £321,820.

This is based on house price inflation of 10.2%, between June 2022 and March 2025, for detached houses, in the Bridgend local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.2% inflationary increase is applied to the most recent sale price for 8 FORGE WAY of £292,000 on 27th June 2022. For the value to have increased from £292,000 to £321,820 over the three years and three months to March 2025, the following assumptions must hold true:

• The value of 8 FORGE WAY has moved in line with the HPI for detached houses in the Bridgend local authority area.
• The June 2022 sale price of £292,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FORGE WAY has not materially changed since June 2022.

How Large is 8 FORGE WAY?

8 FORGE WAY is 87m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the smallest 20% of detached houses houses in Porthcawl, based on EPC data. The below chart shows the distribution of detached houses houses by size in Porthcawl, and where 8 FORGE WAY lies on this distribution: 19% of detached houses houses are smaller than 8 FORGE WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Porthcawl.

8 FORGE WAY: Plot and Title Map

8 FORGE WAY sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 8 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 8 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 8 FORGE WAY?

8 FORGE WAY is located in PORTHCAWL, in the CF36 postcode district. The below map shows the position of No. 8 on FORGE WAY.