116, FORGE WAY, BILLINGSHURST, RH14 9LN - £218,000

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.

116 FORGE WAY is a very small terraced house of 82m², built sometime between 1983 and 1990, which could now be worth an estimated £362,129. It was last sold for £218,000 in May 2010, which was around 2% below the average May 2010 terraced price in the Horsham local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

116 FORGE WAY Sold Prices

Land registry data shows two sales for 116 FORGE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Horsham local authority area for the corresponding sale date. Both of the two 116 FORGE WAY sales were for below 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
2010 18 MAY	£218,000	£223,061	2% below HPI
2001 14 MAY	£111,500	£118,373	6% below HPI

116 FORGE WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Horsham local authority area over time, sourced from the HPI. The two 116 FORGE WAY sales from May 2001 and May 2010 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 May 2001 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2010 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 116 FORGE WAY be worth now?

116 FORGE WAY might now be worth an estimated £362,129.

This is based on house price inflation of 66.1%, between May 2010 and May 2026, for terraced houses, in the Horsham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.1% inflationary increase is applied to the most recent sale price for 116 FORGE WAY of £218,000 on 18th May 2010. For the value to have increased from £218,000 to £362,129 over the sixteen years to May 2026, the following assumptions must hold true:

• The value of 116 FORGE WAY has moved in line with the HPI for terraced houses in the Horsham local authority area.
• The May 2010 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 116 FORGE WAY has not materially changed since May 2010.

How Large is 116 FORGE WAY?

116 FORGE WAY is 82m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 10% of terraced houses houses in Billingshurst, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Billingshurst, and where 116 FORGE WAY lies on this distribution: 5% of terraced houses houses are smaller than 116 FORGE WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Billingshurst.

116 FORGE WAY: Plot and Title Map

116 FORGE WAY sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 116 FORGE WAY, 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 116 FORGE WAY). 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 116 FORGE WAY?

116 FORGE WAY is located in BILLINGSHURST, in the RH14 postcode district. The below map shows the position of No. 116 on FORGE WAY.