41, THE FORGES, RINGMER, LEWES, BN8 5FA - £397,500

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

41 THE FORGES is a very small detached house of 76m², built sometime between 1991 and 1995. It was last sold for £397,500 in September 2017, which was around 18% below the average September 2017 detached price in the Lewes local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

41 THE FORGES Sold Prices

Land registry data shows two sales for 41 THE FORGES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lewes local authority area for the corresponding sale date. Both of the two 41 THE FORGES 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
2017 26 SEP	£397,500	£484,987	18% below HPI
2006 29 JUN	£295,000	£311,696	5% below HPI

41 THE FORGES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lewes local authority area over time, sourced from the HPI. The two 41 THE FORGES sales from June 2006 and September 2017 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 June 2006 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the September 2017 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 41 THE FORGES?

41 THE FORGES is 76m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of detached houses in Ringmer, based on EPC data. The below chart shows the distribution of detached houses by size in Ringmer, and where 41 THE FORGES lies on this distribution: 3% of detached houses are smaller than 41 THE FORGES, and 97% of houses are larger. Note that EPC data is not available for all properties in Ringmer.

41 THE FORGES: Plot and Title Map

41 THE FORGES sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 41 THE FORGES, 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 41 THE FORGES). 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 41 THE FORGES?

41 THE FORGES is located in RINGMER, in the BN8 postcode district. The below map shows the position of No. 41 on THE FORGES.