OLD FORGE, GUNBY ROAD, ORBY, SKEGNESS, PE24 5HT - £140,000

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

OLD FORGE is a midsized extended detached house of 136m², built sometime before 1900. It was last sold for £140,000 in November 2019, which was around 38% below the average November 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2019, where the current energy rating was G, and the potential energy rating was E.

OLD FORGE Sold Prices

Land registry data shows two sales for OLD FORGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two OLD FORGE 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
2019 1 NOV	£140,000	£225,476	38% below HPI
1996 31 OCT	£44,000	£57,578	24% below HPI

OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two OLD FORGE sales from October 1996 and November 2019 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 October 1996 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2019 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is OLD FORGE?

OLD FORGE is 136m², which includes three extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 40% of detached houses in Orby, based on EPC data. The below chart shows the distribution of detached houses by size in Orby, and where OLD FORGE lies on this distribution: 58% of detached houses are smaller than OLD FORGE, and 39% of houses are larger. Note that EPC data is not available for all properties in Orby.

OLD FORGE: Plot and Title Map

OLD FORGE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of OLD FORGE, 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 OLD FORGE). 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 OLD FORGE?

OLD FORGE is located on GUNBY ROAD in ORBY, in the PE24 postcode district. The below map shows the position of OLD FORGE on GUNBY ROAD.