FORGE HOUSE, WESTGATE, SOUTHWELL, NG25 0LD - £236,500

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 small semi-detached house of 90m², built sometime between 1900 and 1929. It was last sold for £236,500 in August 2013, which was around 13% above the average August 2013 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

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 Newark and Sherwood 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
2013 7 AUG	£236,500	£209,253	13% above HPI
2007 14 AUG	£258,000	£224,225	15% above HPI

FORGE HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two FORGE HOUSE sales from August 2007 and August 2013 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 2007 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the August 2013 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is FORGE HOUSE?

FORGE HOUSE is 90m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 30% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where FORGE HOUSE lies on this distribution: 21% of detached houses are smaller than FORGE HOUSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Southwell.

FORGE HOUSE: Plot and Title Map

FORGE HOUSE sits on a plot of roughly 0.045 of an acre, or 181m². 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 WESTGATE in SOUTHWELL, in the NG25 postcode district. The below map shows the position of FORGE HOUSE on WESTGATE.