FORGE HOUSE, LOWER SOMERSHAM, IPSWICH, IP8 4PJ - £575,000

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 very large extended detached house of 201m², built sometime before 1900. It was last sold for £575,000 in July 2024, which was around 31% above the average July 2024 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was E, and the potential energy rating was C.

FORGE HOUSE Sold Prices

Land registry data shows three sales for FORGE HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three FORGE HOUSE 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
2024 31 JUL	£575,000	£437,548	31% above HPI
2011 25 AUG	£380,000	£254,008	50% above HPI
1995 20 OCT	£140,000	£78,118	79% above HPI

FORGE HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The three FORGE HOUSE sales between October 1995 and July 2024 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 August 2011 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the July 2024 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is FORGE HOUSE?

FORGE HOUSE is 201m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 20% of detached houses in Somersham, based on EPC data. The below chart shows the distribution of detached houses by size in Somersham, and where FORGE HOUSE lies on this distribution: 87% of detached houses are smaller than FORGE HOUSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Somersham.

FORGE HOUSE: Plot and Title Map

FORGE HOUSE sits on a plot of roughly 0.195 of an acre, or 787m². 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 in LOWER SOMERSHAM, in the IP8 postcode district. The below map shows the position of FORGE HOUSE in LOWER SOMERSHAM.