THE FORGE, PENCOMBE, BROMYARD, HR7 4SH - £287,500

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 129m², built sometime between 1900 and 1929, which could now be worth an estimated £464,208. It was last sold for £287,500 in December 2011, which was around 6% above the average December 2011 detached price in the Herefordshire local authority area. The most recent EPC inspection was June 2023, 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 Herefordshire 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
2011 16 DEC	£287,500	£270,910	6% above HPI
2011 23 MAY	£225,000	£276,637	19% below HPI
2009 8 OCT	£285,000	£267,485	7% above HPI
2008 15 MAY	£200,000	£281,469	29% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Herefordshire local authority area over time, sourced from the HPI. The four THE FORGE sales between May 2008 and December 2011 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 2011 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the December 2011 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might THE FORGE be worth now?

THE FORGE might now be worth an estimated £464,208.

This is based on house price inflation of 61.5%, between December 2011 and December 2024, for detached houses, in the Herefordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 61.5% inflationary increase is applied to the most recent sale price for THE FORGE of £287,500 on 16th December 2011. For the value to have increased from £287,500 to £464,208 over the thirteen years 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 Herefordshire local authority area.
• The December 2011 sale price of £287,500 represented a fair market value for the property.
• The size, condition, and specification of THE FORGE has not materially changed since December 2011.

How Large is THE FORGE?

THE FORGE is 129m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the largest 50% of detached houses houses in Pencombe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pencombe, and where THE FORGE lies on this distribution: 55% of detached houses houses are smaller than THE FORGE, and 45% of houses are larger. Note that EPC data is not available for all properties in Pencombe.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.076 of an acre, or 308m². 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 PENCOMBE, in the HR7 postcode district. The below map shows the position of THE FORGE in PENCOMBE.