FORGE HOUSE, ROSS ROAD, NEWENT, GL18 1BG - £465,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

FORGE HOUSE is a very large extended detached house of 205m², built sometime between 1930 and 1949. It was last sold for £465,000 in January 2016, which was around 75% above the average January 2016 detached price in the Forest of Dean local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

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 Forest of Dean local authority area for the corresponding sale date. Both of the two 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
2016 22 JAN	£465,000	£265,863	75% above HPI
2003 26 JUN	£309,950	£178,576	74% above HPI

FORGE HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Forest of Dean local authority area over time, sourced from the HPI. The two FORGE HOUSE sales from June 2003 and January 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 June 2003 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the January 2016 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

How Large is FORGE HOUSE?

FORGE HOUSE is 205m², which includes four extensions, according to the EPC inspection conducted in June 2015. This puts it in the largest 10% of detached houses in Newent, based on EPC data. The below chart shows the distribution of detached houses by size in Newent, and where FORGE HOUSE lies on this distribution: 97% of detached houses are smaller than FORGE HOUSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Newent.

FORGE HOUSE: Plot and Title Map

FORGE HOUSE sits on a plot of roughly 0.347 of an acre, or 1,406m². 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 ROSS ROAD in NEWENT, in the GL18 postcode district. The below map shows the position of FORGE HOUSE on ROSS ROAD.