7, THE FORGE, BROTTON, SALTBURN-BY-THE-SEA, TS12 2QH - £140,000

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

7 THE FORGE is a large detached house of 110m², built sometime from 2007 onwards. It was last sold for £140,000 in January 2012, which was around 22% below the average January 2012 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was May 2011, where the current energy rating was C, and the potential energy rating was C.

7 THE FORGE Sold Prices

Land registry data shows two sales for 7 THE FORGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 7 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
2012 27 JAN	£140,000	£179,063	22% below HPI
2010 30 APR	£180,000	£189,735	5% below HPI

7 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 two 7 THE FORGE sales from April 2010 and January 2012 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 April 2010 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the January 2012 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 7 THE FORGE?

7 THE FORGE is 110m² according to the EPC inspection conducted in May 2011. This puts it in the largest 40% of detached houses in Brotton, based on EPC data. The below chart shows the distribution of detached houses by size in Brotton, and where 7 THE FORGE lies on this distribution: 64% of detached houses are smaller than 7 THE FORGE, and 36% of houses are larger. Note that EPC data is not available for all properties in Brotton.

7 THE FORGE: Plot and Title Map

7 THE FORGE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 7 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 7 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 7 THE FORGE?

7 THE FORGE is located in BROTTON, in the TS12 postcode district. The below map shows the position of No. 7 on THE FORGE.