THE FORGE, MILL LANE, HALTON, LANCASTER, LA2 6ND - £153,600

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 midsized detached house of 117m², built sometime before 1900, which could now be worth an estimated £230,720. It was last sold for £153,600 in December 2014, which was around 31% below the average December 2014 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2017, where the current energy rating was F, and the potential energy rating was D.

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 Lancaster 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
2014 23 DEC	£153,600	£222,375	31% below HPI
2011 24 NOV	£50,000	£208,611	76% below HPI
2008 11 JUL	£117,500	£229,887	49% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lancaster local authority area over time, sourced from the HPI. The three THE FORGE sales between July 2008 and December 2014 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 November 2011 sale was for 76% below the HPI. So the extrapolation line tracks at 76% below the HPI over time, until the December 2014 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might THE FORGE be worth now?

THE FORGE might now be worth an estimated £230,720.

This is based on house price inflation of 50.2%, between December 2014 and February 2025, for detached houses, in the Lancaster local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 50.2% inflationary increase is applied to the most recent sale price for THE FORGE of £153,600 on 23rd December 2014. For the value to have increased from £153,600 to £230,720 over the eleven years and ten months 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 Lancaster local authority area.
• The December 2014 sale price of £153,600 represented a fair market value for the property.
• The size, condition, and specification of THE FORGE has not materially changed since December 2014.

How Large is THE FORGE?

THE FORGE is 117m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 50% of detached houses houses in Halton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Halton, and where THE FORGE lies on this distribution: 40% of detached houses houses are smaller than THE FORGE, and 59% of houses are larger. Note that EPC data is not available for all properties in Halton.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.025 of an acre, or 102m². 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 MILL LANE in HALTON, in the LA2 postcode district. The below map shows the position of THE FORGE on MILL LANE.