THE FORGE, THE STREET, GOODERSTONE, KING'S LYNN, PE33 9BP - £490,000

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 small extended detached house of 120m², built sometime before 1900. It was last sold for £490,000 in September 2023, which was around 35% above the average September 2023 detached price in the Breckland local authority area. The most recent EPC inspection was September 2020, where the current energy rating was F, and the potential energy rating was B.

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 Breckland local authority area for the corresponding sale date. Two of the three THE FORGE sales were for above the average price, whilst one 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
2023 18 SEP	£490,000	£363,915	35% above HPI
2021 16 MAR	£355,000	£325,840	9% above HPI
2008 20 FEB	£220,000	£230,251	4% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three THE FORGE sales between February 2008 and September 2023 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 March 2021 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the September 2023 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is THE FORGE?

THE FORGE is 120m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 30% of detached houses in Gooderstone, based on EPC data. The below chart shows the distribution of detached houses by size in Gooderstone, and where THE FORGE lies on this distribution: 29% of detached houses are smaller than THE FORGE, and 71% of houses are larger. Note that EPC data is not available for all properties in Gooderstone.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 1.3 acres, or 5,439m². 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 THE STREET in GOODERSTONE, in the PE33 postcode district. The below map shows the position of THE FORGE on THE STREET.