THE OLD FORGE, OLD FORGE ROAD, ASHBY MAGNA, LUTTERWORTH, LE17 5NL - £360,000

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 OLD FORGE is a small extended detached house of 136m², built sometime before 1900, which could now be worth an estimated £523,589. It was last sold for £360,000 in March 2017, which was around 6% above the average March 2017 detached price in the Harborough local authority area. The most recent EPC inspection was November 2014, where the current energy rating was E, and the potential energy rating was C.

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 Harborough 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
2017 31 MAR	£360,000	£338,861	6% above HPI
2006 27 JUN	£289,950	£254,479	14% above HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The two THE OLD FORGE sales from June 2006 and March 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 June 2006 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the March 2017 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might THE OLD FORGE be worth now?

THE OLD FORGE might now be worth an estimated £523,589.

This is based on house price inflation of 45.4%, between March 2017 and December 2024, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 45.4% inflationary increase is applied to the most recent sale price for THE OLD FORGE of £360,000 on 31st March 2017. For the value to have increased from £360,000 to £523,589 over the six years and three months to December 2024, the following assumptions must hold true:

• The value of THE OLD FORGE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The March 2017 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD FORGE has not materially changed since March 2017.

How Large is THE OLD FORGE?

THE OLD FORGE is 136m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the smallest 40% of detached houses houses in Ashby Magna, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ashby Magna, and where THE OLD FORGE lies on this distribution: 33% of detached houses houses are smaller than THE OLD FORGE, and 65% of houses are larger. Note that EPC data is not available for all properties in Ashby Magna.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.126 of an acre, or 510m². 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 OLD FORGE ROAD in ASHBY MAGNA, in the LE17 postcode district. The below map shows the position of THE OLD FORGE on OLD FORGE ROAD.