THE OLD FORGE, LOWER WAY, PADBURY, BUCKINGHAM, MK18 2AX - £1,020,000

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 large detached house of 192m², built sometime between 1967 and 1975. It was last sold for £1,020,000 in August 2023, which was around 26% above the average August 2023 detached price in the Buckinghamshire local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

THE OLD FORGE Sold Prices

Land registry data shows three sales for THE OLD 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 Buckinghamshire local authority area for the corresponding sale date. All of the three 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
2023 9 AUG	£1,020,000	£811,678	26% above HPI
2015 3 JUN	£610,000	£596,936	2% above HPI
1996 23 AUG	£177,500	£155,996	14% above HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Buckinghamshire local authority area over time, sourced from the HPI. The three THE OLD FORGE sales between August 1996 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 June 2015 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the August 2023 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is THE OLD FORGE?

THE OLD FORGE is 192m² according to the EPC inspection conducted in May 2014. This puts it in the largest 30% of detached houses in Padbury, based on EPC data. The below chart shows the distribution of detached houses by size in Padbury, and where THE OLD FORGE lies on this distribution: 76% of detached houses are smaller than THE OLD FORGE, and 24% of houses are larger. Note that EPC data is not available for all properties in Padbury.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.187 of an acre, or 755m². 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 LOWER WAY in PADBURY, in the MK18 postcode district. The below map shows the position of THE OLD FORGE on LOWER WAY.