THE FORGE, LONGHORSLEY, MORPETH, NE65 8UZ - £121,000

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 29m², built sometime before 1900, which could now be worth an estimated £162,312. It was last sold for £121,000 in March 2020, which was around 55% below the average March 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2019, where the current energy rating was E, and the potential energy rating was A.

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 Northumberland local authority area for the corresponding sale date. Both of the two 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 20 MAR	£121,000	£268,215	55% below HPI
2007 1 AUG	£100,000	£270,653	63% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The two THE FORGE sales from August 2007 and March 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 August 2007 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the March 2020 sale, where it rises to 55% below the HPI. The line then continues to track at 55% below the HPI.

What might THE FORGE be worth now?

THE FORGE might now be worth an estimated £162,312.

This is based on house price inflation of 34.1%, between March 2020 and February 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.1% inflationary increase is applied to the most recent sale price for THE FORGE of £121,000 on 20th March 2020. For the value to have increased from £121,000 to £162,312 over the five years and one month 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 Northumberland local authority area.
• The March 2020 sale price of £121,000 represented a fair market value for the property.
• The size, condition, and specification of THE FORGE has not materially changed since March 2020.

How Large is THE FORGE?

THE FORGE is 29m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of detached houses houses in Longhorsley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Longhorsley, 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 Longhorsley.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.027 of an acre, or 110m². 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 in LONGHORSLEY, in the NE65 postcode district. The below map shows the position of THE FORGE in LONGHORSLEY.