THE OLD FORGE, GROVE ROAD, BENTLEY, IPSWICH, IP9 2DD - £825,000

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 OLD FORGE is a very large extended detached house of 254m², built sometime before 1900. It was last sold for £825,000 in October 2017, which was around 105% above the average October 2017 detached price in the Babergh local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was C.

THE OLD FORGE Sold Prices

Land registry data shows four sales for THE OLD FORGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. All of the four 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
2017 3 OCT	£825,000	£402,246	105% above HPI
2007 5 APR	£715,000	£273,340	162% above HPI
1998 12 APR	£199,000	£98,318	102% above HPI
1996 1 AUG	£185,000	£88,830	108% above HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The four THE OLD FORGE sales between August 1996 and October 2017 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 April 2007 sale was for 162% above the HPI. So the extrapolation line tracks at 162% above the HPI over time, until the October 2017 sale, where it falls to 105% above the HPI. The line then continues to track at 105% above the HPI.

How Large is THE OLD FORGE?

THE OLD FORGE is 254m², which includes two extensions, according to the EPC inspection conducted in April 2013. This puts it in the largest 10% of detached houses in Bentley, based on EPC data. The below chart shows the distribution of detached houses by size in Bentley, and where THE OLD FORGE lies on this distribution: 94% of detached houses are smaller than THE OLD FORGE, and 6% of houses are larger. Note that EPC data is not available for all properties in Bentley.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.356 of an acre, or 1,442m². 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 GROVE ROAD in BENTLEY, in the IP9 postcode district. The below map shows the position of THE OLD FORGE on GROVE ROAD.