THE FORGE, SOUTHWELL ROAD, KIRKLINGTON, NEWARK, NG22 8NF - £426,750

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE FORGE is a midsized extended detached house of 186m², built sometime before 1900. It was last sold for £426,750 in February 2019, which was around 61% above the average February 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, 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 Newark and Sherwood 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
2019 14 FEB	£426,750	£265,283	61% above HPI
2016 3 JUN	£395,000	£237,429	66% above HPI
1998 11 DEC	£95,500	£82,938	15% above 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 three THE FORGE sales between December 1998 and February 2019 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 2016 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the February 2019 sale, where it falls to 61% above the HPI. The line then continues to track at 61% above the HPI.

How Large is THE FORGE?

THE FORGE is 186m², which includes two extensions, according to the EPC inspection conducted in January 2014. This puts it in the largest 50% of detached houses in Kirklington, based on EPC data. The below chart shows the distribution of detached houses by size in Kirklington, and where THE FORGE lies on this distribution: 54% of detached houses are smaller than THE FORGE, and 46% of houses are larger. Note that EPC data is not available for all properties in Kirklington.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.198 of an acre, or 801m². 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 SOUTHWELL ROAD in KIRKLINGTON, in the NG22 postcode district. The below map shows the position of THE FORGE on SOUTHWELL ROAD.