THE OLD FORGE, FOREST LANE, HANBURY, BROMSGROVE, B60 4HL - £513,000

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 OLD FORGE is a midsized extended detached house of 156m², built sometime before 1900. It was last sold for £513,000 in July 2012, which was around 73% above the average July 2012 detached price in the Wychavon local authority area. The most recent EPC inspection was April 2011, where the current energy rating was G, and the potential energy rating was G.

THE OLD FORGE Sold Prices

Land registry data shows two sales for THE OLD 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 Wychavon local authority area for the corresponding sale date. Both of the two THE OLD 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
2012 20 JUL	£513,000	£297,189	73% above HPI
2008 15 OCT	£587,000	£311,371	89% above HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wychavon local authority area over time, sourced from the HPI. The two THE OLD FORGE sales from October 2008 and July 2012 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 October 2008 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the July 2012 sale, where it falls to 73% above the HPI. The line then continues to track at 73% above the HPI.

How Large is THE OLD FORGE?

THE OLD FORGE is 156m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the smallest 50% of detached houses in Hanbury, based on EPC data. The below chart shows the distribution of detached houses by size in Hanbury, and where THE OLD FORGE lies on this distribution: 46% of detached houses are smaller than THE OLD FORGE, and 54% of houses are larger. Note that EPC data is not available for all properties in Hanbury.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.205 of an acre, or 829m². The below map shows the location of THE OLD 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 OLD 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 OLD FORGE?

THE OLD FORGE is located on FOREST LANE in HANBURY, in the B60 postcode district. The below map shows the position of THE OLD FORGE on FOREST LANE.