OLD FORGE, MAIN STREET, SOUTH MUSKHAM, NEWARK, NG23 6EE - £560,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

OLD FORGE is a very large extended detached house of 225m², built sometime between 1991 and 1995. It was last sold for £560,000 in July 2020, which was around 98% above the average July 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

OLD FORGE Sold Prices

Land registry data shows five sales for OLD FORGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the five 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
2020 31 JUL	£560,000	£282,314	98% above HPI
2010 30 APR	£443,000	£209,614	111% above HPI
2006 13 JUN	£395,000	£215,727	83% above HPI
2002 6 SEP	£275,000	£146,950	87% above HPI
1996 29 NOV	£129,950	£75,464	72% above HPI

OLD FORGE 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 five OLD FORGE sales between November 1996 and July 2020 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 April 2010 sale was for 111% above the HPI. So the extrapolation line tracks at 111% above the HPI over time, until the July 2020 sale, where it falls to 98% above the HPI. The line then continues to track at 98% above the HPI.

What might OLD FORGE be worth now?

OLD FORGE might now be worth an estimated £712,170.

This is based on house price inflation of 27.2%, between July 2020 and December 2024, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.2% inflationary increase is applied to the most recent sale price for OLD FORGE of £560,000 on 31st July 2020. For the value to have increased from £560,000 to £712,170 over the three years and seven months to December 2024, the following assumptions must hold true:

• The value of OLD FORGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2020 sale price of £560,000 represented a fair market value for the property.
• The size, condition, and specification of OLD FORGE has not materially changed since July 2020.

How Large is OLD FORGE?

OLD FORGE is 225m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 10% of detached houses houses in South Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Muskham, and where OLD FORGE lies on this distribution: 96% of detached houses houses are smaller than OLD FORGE, and 4% of houses are larger. Note that EPC data is not available for all properties in South Muskham.

OLD FORGE: Plot and Title Map

OLD FORGE sits on a plot of roughly 0.206 of an acre, or 835m². 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 MAIN STREET in SOUTH MUSKHAM, in the NG23 postcode district. The below map shows the position of OLD FORGE on MAIN STREET.