THE FORGE, HIGH HOUSE FARM, SCHOOL LANE, ALVECHURCH, BIRMINGHAM, B48 7SA - £248,000

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

THE FORGE is a very small detached house of 43m², built sometime between 1991 and 1995. It was last sold for £248,000 in December 2006, which was around 18% below the average December 2006 detached price in the Bromsgrove local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

THE FORGE Sold Prices

Land registry data shows five sales for THE 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 Bromsgrove local authority area for the corresponding sale date. All of the five 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
2006 21 DEC	£248,000	£303,249	18% below HPI
2005 3 NOV	£225,000	£293,808	23% below HPI
2003 27 JUN	£195,000	£235,466	17% below HPI
2001 27 JUL	£155,000	£172,722	10% below HPI
1997 30 JUN	£106,000	£116,932	9% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bromsgrove local authority area over time, sourced from the HPI. The five THE FORGE sales between June 1997 and December 2006 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 November 2005 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2006 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is THE FORGE?

THE FORGE is 43m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 10% of detached houses in Alvechurch, based on EPC data. The below chart shows the distribution of detached houses by size in Alvechurch, and where THE FORGE lies on this distribution: Less than 1% of detached houses are smaller than THE FORGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Alvechurch.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.047 of an acre, or 191m². 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, HIGH HOUSE FARM is located on SCHOOL LANE in ALVECHURCH, in the B48 postcode district. The below map shows the position of THE FORGE, HIGH HOUSE FARM on SCHOOL LANE.