THE FORGE, BROOKSIDE ROAD, FRESHWATER, PO40 9ER - £195,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

THE FORGE is a small semi-detached house of 78m², built sometime between 2003 and 2006. It was last sold for £195,000 in November 2020, which was around 46% below the average November 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, 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 Isle of Wight local authority area for the corresponding sale date. All of the three THE 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
2020 9 NOV	£195,000	£361,414	46% below HPI
2012 9 MAR	£120,000	£246,156	51% below HPI
2007 29 JUN	£185,000	£259,835	29% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The three THE FORGE sales between June 2007 and November 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 March 2012 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the November 2020 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is THE FORGE?

THE FORGE is 78m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 30% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where THE FORGE lies on this distribution: 29% of detached houses are smaller than THE FORGE, and 70% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.025 of an acre, or 100m². 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 BROOKSIDE ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of THE FORGE on BROOKSIDE ROAD.