THE FORGE, MAIN STREET, BATHLEY, NEWARK, NG23 6DJ - £535,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

THE FORGE is a large extended semi-detached house of 192m², built sometime between 1976 and 1982. It was last sold for £535,000 in May 2022, which was around 71% above the average May 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2021, where the current energy rating was E, and the potential energy rating was C.

THE FORGE Sold Prices

Land registry data shows four sales for THE FORGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. two of the four THE FORGE sales were for above the average price, and four 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
2022 5 MAY	£535,000	£312,640	71% above HPI
2009 22 JUN	£350,000	£195,628	79% above HPI
1997 14 JUL	£59,000	£79,172	25% below HPI
1996 22 NOV	£71,000	£72,490	2% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The four THE FORGE sales between November 1996 and May 2022 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 June 2009 sale was for 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the May 2022 sale, where it falls to 71% above the HPI. The line then continues to track at 71% above the HPI.

How Large is THE FORGE?

THE FORGE is 192m², which includes two extensions, according to the EPC inspection conducted in November 2021. This puts it in the largest 30% of detached houses in Bathley, based on EPC data. The below chart shows the distribution of detached houses by size in Bathley, and where THE FORGE lies on this distribution: 73% of detached houses are smaller than THE FORGE, and 23% of houses are larger. Note that EPC data is not available for all properties in Bathley.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.237 of an acre, or 959m². 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 MAIN STREET in BATHLEY, in the NG23 postcode district. The below map shows the position of THE FORGE on MAIN STREET.