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

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 detached house of 43m², built sometime between 1991 and 1995, which could now be worth an estimated £424,994. It was last sold for £248,000 in December 2006, which was around 19% 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	£305,333	19% below HPI
2005 3 NOV	£225,000	£295,828	24% below HPI
2003 27 JUN	£195,000	£237,084	18% below HPI
2001 27 JUL	£155,000	£173,909	11% below HPI
1997 30 JUN	£106,000	£117,735	10% 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 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the December 2006 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might THE FORGE be worth now?

THE FORGE might now be worth an estimated £424,994.

This is based on house price inflation of 71.4%, between December 2006 and February 2025, for detached houses, in the Bromsgrove local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 71.4% inflationary increase is applied to the most recent sale price for THE FORGE of £248,000 on 21st December 2006. For the value to have increased from £248,000 to £424,994 over the nineteen years and ten 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 Bromsgrove local authority area.
• The December 2006 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of THE FORGE has not materially changed since December 2006.

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 houses in Alvechurch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Alvechurch, and where THE FORGE lies on this distribution: Less than 1% of detached houses 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.