THE FORGE, JACKS FIELD, WITNESHAM, IPSWICH, IP6 9FA - £740,000

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 large detached house of 269m². It was last sold for £740,000 in November 2020, which was around 95% above the average November 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2020, where the current energy rating was B, and the potential energy rating was B.

THE FORGE Sold Prices

Land registry data shows two sales for THE FORGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. One of the two THE FORGE sales was for above the average price, whilst the other was 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 24 NOV	£740,000	£379,967	95% above HPI
2017 5 MAY	£140,098	£331,801	58% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two THE FORGE sales from May 2017 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 May 2017 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the November 2020 sale, where it rises to 95% above the HPI. The line then continues to track at 95% above the HPI.

How Large is THE FORGE?

THE FORGE is 269m² according to the EPC inspection conducted in February 2020. This puts it in the largest 10% of detached houses in Witnesham, based on EPC data. The below chart shows the distribution of detached houses by size in Witnesham, and where THE FORGE lies on this distribution: 95% of detached houses are smaller than THE FORGE, and 3% of houses are larger. Note that EPC data is not available for all properties in Witnesham.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.201 of an acre, or 813m². 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 JACKS FIELD in WITNESHAM, in the IP6 postcode district. The below map shows the position of THE FORGE on JACKS FIELD.