FORGE HOUSE, HERNE STREET, HERNE BAY, CT6 7JB - £250,000

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

FORGE HOUSE is a midsized extended detached house of 112m², built sometime before 1900. It was last sold for £250,000 in March 2023, which was around 55% below the average March 2023 detached price in the Canterbury local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was C.

FORGE HOUSE Sold Prices

Land registry data shows four sales for FORGE HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. All of the four FORGE HOUSE 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
2023 17 MAR	£250,000	£560,209	55% below HPI
2016 1 JUN	£228,000	£394,371	42% below HPI
2007 23 AUG	£190,000	£302,131	37% below HPI
2002 20 AUG	£90,000	£189,331	52% below HPI

FORGE HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Canterbury local authority area over time, sourced from the HPI. The four FORGE HOUSE sales between August 2002 and March 2023 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 2016 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the March 2023 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is FORGE HOUSE?

FORGE HOUSE is 112m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the largest 50% of detached houses in Herne, based on EPC data. The below chart shows the distribution of detached houses by size in Herne, and where FORGE HOUSE lies on this distribution: 56% of detached houses are smaller than FORGE HOUSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Herne.

FORGE HOUSE: Plot and Title Map

FORGE HOUSE sits on a plot of roughly 0.033 of an acre, or 134m². The below map shows the location of FORGE HOUSE, 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 HOUSE). 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 HOUSE?

FORGE HOUSE is located on HERNE STREET in HERNE BAY, in the CT6 postcode district. The below map shows the position of FORGE HOUSE on HERNE STREET.