THE OLD FORGE HOUSE, BOAT LANE, HOVERINGHAM, NOTTINGHAM, NG14 7JP - £1,300,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE OLD FORGE HOUSE is a large extended detached house of 264m², built sometime before 1900, which could now be worth an estimated £1,320,822. It was last sold for £1,300,000 in August 2023, which was around 275% above the average August 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was C.

THE OLD FORGE HOUSE Sold Prices

Land registry data shows two sales for THE OLD FORGE HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two THE OLD FORGE HOUSE 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
2023 7 AUG	£1,300,000	£346,444	275% above HPI
2013 6 AUG	£735,000	£217,836	237% above HPI

THE OLD FORGE HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two THE OLD FORGE HOUSE sales from August 2013 and August 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 August 2013 sale was for 237% above the HPI. So the extrapolation line tracks at 237% above the HPI over time, until the August 2023 sale, where it rises to 275% above the HPI. The line then continues to track at 275% above the HPI.

What might THE OLD FORGE HOUSE be worth now?

THE OLD FORGE HOUSE might now be worth an estimated £1,320,822.

This is based on house price inflation of 1.6%, between August 2023 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.6% inflationary increase is applied to the most recent sale price for THE OLD FORGE HOUSE of £1,300,000 on 7th August 2023. For the value to have increased from £1,300,000 to £1,320,822 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of THE OLD FORGE HOUSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2023 sale price of £1,300,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD FORGE HOUSE has not materially changed since August 2023.

How Large is THE OLD FORGE HOUSE?

THE OLD FORGE HOUSE is 264m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the largest 30% of detached houses houses in Hoveringham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hoveringham, and where THE OLD FORGE HOUSE lies on this distribution: 78% of detached houses houses are smaller than THE OLD FORGE HOUSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Hoveringham.

THE OLD FORGE HOUSE: Plot and Title Map

THE OLD FORGE HOUSE sits on a plot of roughly 0.981 of an acre, or 3,969m². The below map shows the location of THE OLD FORGE HOUSE, 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 HOUSE). 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 HOUSE?

THE OLD FORGE HOUSE is located on BOAT LANE in HOVERINGHAM, in the NG14 postcode district. The below map shows the position of THE OLD FORGE HOUSE on BOAT LANE.