2, THE FORGES, RINGMER, LEWES, BN8 5FA - £297,000

2 THE FORGES is a very small detached house of 95m², built sometime between 2003 and 2006. It was last sold for £297,000 in December 2013, which was around 21% below the average December 2013 detached price in the Lewes local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

2 THE FORGES Sold Prices

Land registry data shows three sales for 2 THE FORGES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lewes local authority area for the corresponding sale date. All of the three 2 THE FORGES 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
2013 9 DEC	£297,000	£374,079	21% below HPI
2008 4 FEB	£242,000	£350,625	31% below HPI
2007 30 MAR	£305,000	£332,036	8% below HPI

2 THE FORGES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lewes local authority area over time, sourced from the HPI. The three 2 THE FORGES sales between March 2007 and December 2013 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 February 2008 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the December 2013 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 2 THE FORGES?

2 THE FORGES is 95m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 20% of detached houses in Ringmer, based on EPC data. The below chart shows the distribution of detached houses by size in Ringmer, and where 2 THE FORGES lies on this distribution: 19% of detached houses are smaller than 2 THE FORGES, and 80% of houses are larger. Note that EPC data is not available for all properties in Ringmer.

2 THE FORGES: Plot and Title Map

2 THE FORGES sits on a plot of roughly 0.049 of an acre, or 200m². The below map shows the location of 2 THE FORGES, 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 2 THE FORGES). 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 2 THE FORGES?

2 THE FORGES is located in RINGMER, in the BN8 postcode district. The below map shows the position of No. 2 on THE FORGES.