THE FORGE, MARTIN, FORDINGBRIDGE, SP6 3LA - £570,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE FORGE is a midsized extended detached house of 149m², built sometime between 1967 and 1975, which could now be worth an estimated £722,888. It was last sold for £570,000 in July 2016, which was around 24% above the average July 2016 detached price in the New Forest local authority area. The most recent EPC inspection was March 2016, where the current energy rating was F, and the potential energy rating was C.

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 New Forest local authority area for the corresponding sale date. All of the three THE FORGE sales were for above 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
2016 5 JUL	£570,000	£459,450	24% above HPI
2010 21 MAY	£490,000	£362,465	35% above HPI
1995 27 JAN	£145,000	£107,909	34% above HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The three THE FORGE sales between January 1995 and July 2016 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 2010 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the July 2016 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might THE FORGE be worth now?

THE FORGE might now be worth an estimated £722,888.

This is based on house price inflation of 26.8%, between July 2016 and December 2024, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.8% inflationary increase is applied to the most recent sale price for THE FORGE of £570,000 on 5th July 2016. For the value to have increased from £570,000 to £722,888 over the seven years and seven months to December 2024, the following assumptions must hold true:

• The value of THE FORGE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The July 2016 sale price of £570,000 represented a fair market value for the property.
• The size, condition, and specification of THE FORGE has not materially changed since July 2016.

How Large is THE FORGE?

THE FORGE is 149m², which includes four extensions, according to the EPC inspection conducted in March 2016. This puts it in the largest 50% of detached houses houses in Martin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martin, and where THE FORGE lies on this distribution: 56% of detached houses houses are smaller than THE FORGE, and 44% of houses are larger. Note that EPC data is not available for all properties in Martin.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.395 of an acre, or 1,597m². 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 MARTIN, in the SP6 postcode district. The below map shows the position of THE FORGE in MARTIN.