FORGE COTTAGE, BRAISHFIELD ROAD, BRAISHFIELD, ROMSEY, SO51 0PQ - £560,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

FORGE COTTAGE is a very small extended detached house of 81m², which could now be worth an estimated £716,947. It was last sold for £560,000 in February 2017, which was around 16% above the average February 2017 detached price in the Test Valley local authority area. The most recent EPC inspection was October 2009, where the current energy rating was E, and the potential energy rating was E.

FORGE COTTAGE Sold Prices

Land registry data shows four sales for FORGE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Test Valley local authority area for the corresponding sale date. All of the four FORGE COTTAGE sales were 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
2017 10 FEB	£560,000	£481,722	16% above HPI
2010 19 FEB	£470,000	£360,598	30% above HPI
2003 24 NOV	£355,000	£302,373	17% above HPI
1998 29 APR	£200,000	£144,389	39% above HPI

FORGE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Test Valley local authority area over time, sourced from the HPI. The four FORGE COTTAGE sales between April 1998 and February 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 February 2010 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the February 2017 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might FORGE COTTAGE be worth now?

FORGE COTTAGE might now be worth an estimated £716,947.

This is based on house price inflation of 28%, between February 2017 and February 2025, for detached houses, in the Test Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28% inflationary increase is applied to the most recent sale price for FORGE COTTAGE of £560,000 on 10th February 2017. For the value to have increased from £560,000 to £716,947 over the eight years to February 2025, the following assumptions must hold true:

• The value of FORGE COTTAGE has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The February 2017 sale price of £560,000 represented a fair market value for the property.
• The size, condition, and specification of FORGE COTTAGE has not materially changed since February 2017.

How Large is FORGE COTTAGE?

FORGE COTTAGE is 81m², which includes one extension, according to the EPC inspection conducted in October 2009. This puts it in the smallest 10% of detached houses houses in Braishfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Braishfield, and where FORGE COTTAGE lies on this distribution: 2% of detached houses houses are smaller than FORGE COTTAGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Braishfield.

FORGE COTTAGE: Plot and Title Map

FORGE COTTAGE sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of FORGE COTTAGE, 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 FORGE COTTAGE). 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 FORGE COTTAGE?

FORGE COTTAGE is located on BRAISHFIELD ROAD in BRAISHFIELD, in the SO51 postcode district. The below map shows the position of FORGE COTTAGE on BRAISHFIELD ROAD.