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

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.

2 THE FORGES is a very small detached house of 95m², built sometime between 2003 and 2006, which could now be worth an estimated £443,944. It was last sold for £297,000 in December 2013, which was around 25% 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	£396,761	25% below HPI
2008 4 FEB	£242,000	£371,885	35% below HPI
2007 30 MAR	£305,000	£352,169	13% 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 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the December 2013 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 THE FORGES be worth now?

2 THE FORGES might now be worth an estimated £443,944.

This is based on house price inflation of 49.5%, between December 2013 and March 2025, for detached houses, in the Lewes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 49.5% inflationary increase is applied to the most recent sale price for 2 THE FORGES of £297,000 on 9th December 2013. For the value to have increased from £297,000 to £443,944 over the twelve years and nine months to March 2025, the following assumptions must hold true:

• The value of 2 THE FORGES has moved in line with the HPI for detached houses in the Lewes local authority area.
• The December 2013 sale price of £297,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE FORGES has not materially changed since December 2013.

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 houses in Ringmer, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ringmer, and where 2 THE FORGES lies on this distribution: 19% of detached houses 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.