THE FORGE, STATION ROAD, WOOLHAMPTON, READING, RG7 5SE - £570,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE FORGE is a small extended detached house of 140m², built sometime before 1900. It was last sold for £570,000 in May 2019, which was about the average May 2019 detached price in the West Berkshire local authority area. The most recent EPC inspection was January 2019, where the current energy rating was F, and the potential energy rating was D.

THE FORGE Sold Prices

Land registry data shows two sales for THE FORGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. One of the two THE FORGE sales was roughly equal to the average price, whilst the other was 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
2019 22 MAY	£570,000	£567,589	Close to HPI
2018 10 AUG	£350,000	£584,426	40% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Berkshire local authority area over time, sourced from the HPI. The two THE FORGE sales from August 2018 and May 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 August 2018 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2019 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is THE FORGE?

THE FORGE is 140m², which includes two extensions, according to the EPC inspection conducted in January 2019. This puts it in the smallest 30% of detached houses in Woolhampton, based on EPC data. The below chart shows the distribution of detached houses by size in Woolhampton, and where THE FORGE lies on this distribution: 24% of detached houses are smaller than THE FORGE, and 76% of houses are larger. Note that EPC data is not available for all properties in Woolhampton.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.129 of an acre, or 524m². 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 STATION ROAD in WOOLHAMPTON, in the RG7 postcode district. The below map shows the position of THE FORGE on STATION ROAD.