THE FORGE, BLACKSMITHS LANE, HARMSTON, LINCOLN, LN5 9SW - £340,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE FORGE is a very small extended detached house of 120m², built sometime before 1900, which could now be worth an estimated £382,018. It was last sold for £340,000 in January 2021, which was around 26% above the average January 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

THE FORGE Sold Prices

Land registry data shows three sales for THE 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 North Kesteven local authority area for the corresponding sale date. All of the three THE 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
2021 7 JAN	£340,000	£269,450	26% above HPI
2002 23 JAN	£158,000	£94,183	68% above HPI
1998 25 SEP	£82,500	£66,760	24% above HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three THE FORGE sales between September 1998 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 January 2002 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the January 2021 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might THE FORGE be worth now?

THE FORGE might now be worth an estimated £382,018.

This is based on house price inflation of 12.4%, between January 2021 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.4% inflationary increase is applied to the most recent sale price for THE FORGE of £340,000 on 7th January 2021. For the value to have increased from £340,000 to £382,018 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of THE FORGE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The January 2021 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of THE FORGE has not materially changed since January 2021.

How Large is THE FORGE?

THE FORGE is 120m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 20% of detached houses houses in Harmston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Harmston, and where THE FORGE lies on this distribution: 18% of detached houses houses are smaller than THE FORGE, and 81% of houses are larger. Note that EPC data is not available for all properties in Harmston.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.076 of an acre, or 307m². 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 BLACKSMITHS LANE in HARMSTON, in the LN5 postcode district. The below map shows the position of THE FORGE on BLACKSMITHS LANE.