1, FORGE CLOSE, HAMMERWICH, BURNTWOOD, WS7 0JH - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 FORGE CLOSE is a very small detached house of 93m², built sometime between 1967 and 1975. It was last sold for £325,000 in October 2020, which was around 18% below the average October 2020 detached price in the Lichfield local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was C.

1 FORGE CLOSE Sold Prices

Land registry data shows two sales for 1 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 Lichfield local authority area for the corresponding sale date. One of the two 1 FORGE CLOSE sales was for below the average price, whilst the other was 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
2020 2 OCT	£325,000	£397,520	18% below HPI
2003 13 AUG	£249,950	£216,957	15% above HPI

1 FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The two 1 FORGE CLOSE sales from August 2003 and October 2020 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 August 2003 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the October 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 1 FORGE CLOSE?

1 FORGE CLOSE is 93m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 20% of detached houses in Hammerwich, based on EPC data. The below chart shows the distribution of detached houses by size in Hammerwich, and where 1 FORGE CLOSE lies on this distribution: 16% of detached houses are smaller than 1 FORGE CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Hammerwich.

1 FORGE CLOSE: Plot and Title Map

1 FORGE CLOSE sits on a plot of roughly 0.192 of an acre, or 778m². The below map shows the location of 1 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 1 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 1 FORGE CLOSE?

1 FORGE CLOSE is located in HAMMERWICH, in the WS7 postcode district. The below map shows the position of No. 1 on FORGE CLOSE.