FORGE HOUSE, MAIN ROAD, BURN, SELBY, YO8 8LJ - £225,000

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 HOUSE is a small detached house of 103m², which could now be worth an estimated £305,537. It was last sold for £225,000 in March 2016, which was around 30% below the average March 2016 detached price in the North Yorkshire 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 HOUSE Sold Prices

Land registry data shows two sales for FORGE HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Yorkshire local authority area for the corresponding sale date. Both of the two 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
2016 24 MAR	£225,000	£319,669	30% below HPI
2006 24 NOV	£199,650	£293,150	32% below HPI

FORGE HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Yorkshire local authority area over time, sourced from the HPI. The two FORGE HOUSE sales from November 2006 and March 2016 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 November 2006 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the March 2016 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might FORGE HOUSE be worth now?

FORGE HOUSE might now be worth an estimated £305,537.

This is based on house price inflation of 35.8%, between March 2016 and February 2025, for detached houses, in the North Yorkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.8% inflationary increase is applied to the most recent sale price for FORGE HOUSE of £225,000 on 24th March 2016. For the value to have increased from £225,000 to £305,537 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of FORGE HOUSE has moved in line with the HPI for detached houses in the North Yorkshire local authority area.
• The March 2016 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of FORGE HOUSE has not materially changed since March 2016.

How Large is FORGE HOUSE?

FORGE HOUSE is 103m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 30% of detached houses houses in Burn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burn, and where FORGE HOUSE lies on this distribution: 21% of detached houses houses are smaller than FORGE HOUSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Burn.

FORGE HOUSE: Plot and Title Map

FORGE HOUSE sits on a plot of roughly 0.101 of an acre, or 410m². 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 MAIN ROAD in BURN, in the YO8 postcode district. The below map shows the position of FORGE HOUSE on MAIN ROAD.