THE FORGE, HIGHER KINGSBURY, MILBORNE PORT, SHERBORNE, DT9 5EB - £275,000

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 detached house of 110m², built sometime from 2007 onwards. It was last sold for £275,000 in August 2018, which was around 23% below the average August 2018 detached price in the Somerset local authority area. The most recent EPC inspection was June 2012, 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 Somerset 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
2018 15 AUG	£275,000	£358,456	23% below HPI
2014 4 SEP	£280,000	£295,687	5% below HPI
2009 12 JUN	£210,000	£248,371	15% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Somerset local authority area over time, sourced from the HPI. The three THE FORGE sales between June 2009 and August 2018 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 September 2014 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2018 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is THE FORGE?

THE FORGE is 110m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 50% of detached houses in Milborne Port, based on EPC data. The below chart shows the distribution of detached houses by size in Milborne Port, and where THE FORGE lies on this distribution: 41% of detached houses are smaller than THE FORGE, and 59% of houses are larger. Note that EPC data is not available for all properties in Milborne Port.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.048 of an acre, or 193m². 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 HIGHER KINGSBURY in MILBORNE PORT, in the DT9 postcode district. The below map shows the position of THE FORGE on HIGHER KINGSBURY.