THE LITTLE FORGE, THE TOWN, SOUTH NEWINGTON, BANBURY, OX15 4JG - £2,240,000

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 LITTLE FORGE is a very large extended detached house of 239m², built sometime from 2012 onwards, which could now be worth an estimated £2,242,474. It was last sold for £2,240,000 in October 2024, which was around 284% above the average October 2024 detached price in the Cherwell local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was C.

THE LITTLE FORGE Sold Prices

Land registry data shows three sales for THE LITTLE 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 Cherwell local authority area for the corresponding sale date. All of the three THE LITTLE 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
2024 11 OCT	£2,240,000	£584,091	284% above HPI
2022 24 JUN	£780,000	£524,255	49% above HPI
2021 18 JUN	£670,000	£494,506	35% above HPI

THE LITTLE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cherwell local authority area over time, sourced from the HPI. The three THE LITTLE FORGE sales between June 2021 and October 2024 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 2022 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the October 2024 sale, where it rises to 284% above the HPI. The line then continues to track at 284% above the HPI.

What might THE LITTLE FORGE be worth now?

THE LITTLE FORGE might now be worth an estimated £2,242,474.

This is based on house price inflation of 0.1%, between October 2024 and December 2024, for detached houses, in the Cherwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.1% inflationary increase is applied to the most recent sale price for THE LITTLE FORGE of £2,240,000 on 11th October 2024. For the value to have increased from £2,240,000 to £2,242,474 over the ten months to December 2024, the following assumptions must hold true:

• The value of THE LITTLE FORGE has moved in line with the HPI for detached houses in the Cherwell local authority area.
• The October 2024 sale price of £2,240,000 represented a fair market value for the property.
• The size, condition, and specification of THE LITTLE FORGE has not materially changed since October 2024.

How Large is THE LITTLE FORGE?

THE LITTLE FORGE is 239m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the largest 20% of detached houses houses in South Newington, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Newington, and where THE LITTLE FORGE lies on this distribution: 87% of detached houses houses are smaller than THE LITTLE FORGE, and 13% of houses are larger. Note that EPC data is not available for all properties in South Newington.

THE LITTLE FORGE: Plot and Title Map

THE LITTLE FORGE sits on a plot of roughly 0.236 of an acre, or 955m². The below map shows the location of THE LITTLE 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 LITTLE 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 LITTLE FORGE?

THE LITTLE FORGE is located on THE TOWN in SOUTH NEWINGTON, in the OX15 postcode district. The below map shows the position of THE LITTLE FORGE on THE TOWN.