THE FORGE, LADDS LANE, CHIPPENHAM, SN15 3JR - £152,000

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.

THE FORGE is a very small terraced house of 51m², built sometime between 2003 and 2006, which could now be worth an estimated £222,636. It was last sold for £152,000 in March 2015, which was around 14% below the average March 2015 terraced price in the Wiltshire local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

THE FORGE Sold Prices

Land registry data shows four sales for THE FORGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Wiltshire local authority area for the corresponding sale date. The four THE FORGE sales were a mix of below the average price, and 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
2015 31 MAR	£152,000	£177,265	14% below HPI
2012 10 OCT	£143,000	£167,963	15% below HPI
2009 2 SEP	£155,000	£154,566	Close to HPI
2003 21 NOV	£126,000	£130,178	3% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Wiltshire local authority area over time, sourced from the HPI. The four THE FORGE sales between November 2003 and March 2015 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 2012 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2015 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might THE FORGE be worth now?

THE FORGE might now be worth an estimated £222,636.

This is based on house price inflation of 46.5%, between March 2015 and June 2025, for terraced houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 46.5% inflationary increase is applied to the most recent sale price for THE FORGE of £152,000 on 31st March 2015. For the value to have increased from £152,000 to £222,636 over the nine years and nine months to June 2025, the following assumptions must hold true:

• The value of THE FORGE has moved in line with the HPI for terraced houses in the Wiltshire local authority area.
• The March 2015 sale price of £152,000 represented a fair market value for the property.
• The size, condition, and specification of THE FORGE has not materially changed since March 2015.

How Large is THE FORGE?

THE FORGE is 51m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 10% of terraced houses houses in Chippenham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chippenham, and where THE FORGE lies on this distribution: 1% of terraced houses houses are smaller than THE FORGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Chippenham.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.012 of an acre, or 47m². The below map shows the location of THE FORGE, 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 THE FORGE). 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 THE FORGE?

THE FORGE is located on LADDS LANE in CHIPPENHAM, in the SN15 postcode district. The below map shows the position of THE FORGE on LADDS LANE.