OLD FORGE, MAGNA MILE, LUDFORD, MARKET RASEN, LN8 6AJ - £235,000

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

OLD FORGE is a very large extended detached house of 154m², built sometime between 1991 and 1995. It was last sold for £235,000 in July 2010, which was around 40% above the average July 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2009, where the current energy rating was E, and the potential energy rating was D.

OLD FORGE Sold Prices

Land registry data shows three sales for OLD FORGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three OLD FORGE 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
2010 9 JUL	£235,000	£168,200	40% above HPI
2005 3 JUN	£190,000	£168,664	13% above HPI
2000 26 JAN	£75,000	£72,598	3% above 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 three OLD FORGE sales between January 2000 and July 2010 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 2005 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the July 2010 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is OLD FORGE?

OLD FORGE is 154m², which includes one extension, according to the EPC inspection conducted in August 2009. This puts it in the largest 20% of detached houses in Ludford, based on EPC data. The below chart shows the distribution of detached houses by size in Ludford, and where OLD FORGE lies on this distribution: 87% of detached houses are smaller than OLD FORGE, and 13% of houses are larger. Note that EPC data is not available for all properties in Ludford.

OLD FORGE: Plot and Title Map

OLD FORGE sits on a plot of roughly 0.182 of an acre, or 737m². 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 MAGNA MILE in LUDFORD, in the LN8 postcode district. The below map shows the position of OLD FORGE on MAGNA MILE.