38, THE FORGE, BROTTON, SALTBURN-BY-THE-SEA, TS12 2QH - £165,000

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

38 THE FORGE is a large detached house of 124m². It was last sold for £165,000 in September 2019, which was around 13% below the average September 2019 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was A.

38 THE FORGE Sold Prices

Land registry data shows four sales for 38 THE FORGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Most of the four 38 THE FORGE 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
2019 17 SEP	£165,000	£188,869	13% below HPI
2015 20 NOV	£140,000	£181,810	23% below HPI
2015 18 SEP	£159,000	£184,452	14% below HPI
2009 23 JUN	£190,000	£177,343	7% above HPI

38 THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redcar and Cleveland local authority area over time, sourced from the HPI. The four 38 THE FORGE sales between June 2009 and September 2019 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 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2019 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 38 THE FORGE?

38 THE FORGE is 124m² according to the EPC inspection conducted in March 2019. This puts it in the largest 30% of detached houses in Brotton, based on EPC data. The below chart shows the distribution of detached houses by size in Brotton, and where 38 THE FORGE lies on this distribution: 78% of detached houses are smaller than 38 THE FORGE, and 21% of houses are larger. Note that EPC data is not available for all properties in Brotton.

38 THE FORGE: Plot and Title Map

38 THE FORGE sits on a plot of roughly 0.040 of an acre, or 161m². The below map shows the location of 38 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 38 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 38 THE FORGE?

38 THE FORGE is located in BROTTON, in the TS12 postcode district. The below map shows the position of No. 38 on THE FORGE.