2, FORGE ROAD, STOURBRIDGE, DY8 1XF - £235,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 FORGE ROAD is a very small extended detached house of 86m², built sometime between 1930 and 1949. It was last sold for £235,000 in March 2008, which was around 10% above the average March 2008 detached price in the Dudley local authority area. The most recent EPC inspection was November 2008, where the current energy rating was F, and the potential energy rating was E.

2 FORGE ROAD Sold Prices

Land registry data shows five sales for 2 FORGE ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. Most of the five 2 FORGE ROAD 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
2008 6 MAR	£235,000	£213,752	10% above HPI
2007 29 OCT	£210,000	£217,614	3% below HPI
2007 5 JAN	£180,000	£205,059	12% below HPI
2004 27 FEB	£115,000	£172,316	33% below HPI
1995 16 MAR	£43,000	£77,194	44% below HPI

2 FORGE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The five 2 FORGE ROAD sales between March 1995 and March 2008 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 2007 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2008 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 2 FORGE ROAD?

2 FORGE ROAD is 86m², which includes one extension, according to the EPC inspection conducted in November 2008. This puts it in the smallest 20% of detached houses in Stourbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Stourbridge, and where 2 FORGE ROAD lies on this distribution: 18% of detached houses are smaller than 2 FORGE ROAD, and 82% of houses are larger. Note that EPC data is not available for all properties in Stourbridge.

2 FORGE ROAD: Plot and Title Map

2 FORGE ROAD sits on a plot of roughly 0.050 of an acre, or 202m². The below map shows the location of 2 FORGE ROAD, 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 2 FORGE ROAD). 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 2 FORGE ROAD?

2 FORGE ROAD is located in STOURBRIDGE, in the DY8 postcode district. The below map shows the position of No. 2 on FORGE ROAD.