THE FORGE, BECCLES ROAD, THURLTON, NORWICH, NR14 6RJ - £312,000

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

THE FORGE is a midsized extended detached house of 103m², built sometime between 1950 and 1966. It was last sold for £312,000 in January 2021, which was around 14% below the average January 2021 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was A.

THE FORGE Sold Prices

Land registry data shows four sales for THE FORGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. two of the four THE FORGE sales were for below the average price, and four 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
2021 25 JAN	£312,000	£364,601	14% below HPI
2012 19 JUN	£175,000	£233,829	25% below HPI
2003 17 OCT	£265,000	£199,367	33% above HPI
1999 5 NOV	£115,000	£100,364	15% above HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The four THE FORGE sales between November 1999 and January 2021 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 2012 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is THE FORGE?

THE FORGE is 103m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the largest 50% of detached houses in Thurlton, based on EPC data. The below chart shows the distribution of detached houses by size in Thurlton, and where THE FORGE lies on this distribution: 56% of detached houses are smaller than THE FORGE, and 43% of houses are larger. Note that EPC data is not available for all properties in Thurlton.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.223 of an acre, or 902m². The below map shows the location of THE 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 THE 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 THE FORGE?

THE FORGE is located on BECCLES ROAD in THURLTON, in the NR14 postcode district. The below map shows the position of THE FORGE on BECCLES ROAD.