6, THE FORGE, HALESOWEN, B63 2YP - £167,500

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.

6 THE FORGE is a very small terraced house of 51m², built sometime between 1983 and 1990, which could now be worth an estimated £191,311. It was last sold for £167,500 in April 2022, which was around 4% below the average April 2022 terraced price in the Dudley local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

6 THE FORGE Sold Prices

Land registry data shows five sales for 6 THE FORGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Dudley local authority area for the corresponding sale date. Most of the five 6 THE FORGE 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
2022 1 APR	£167,500	£174,276	4% below HPI
2019 6 SEP	£136,500	£146,211	7% below HPI
2016 7 APR	£114,000	£119,144	4% below HPI
2010 26 NOV	£88,000	£110,247	20% below HPI
2001 30 MAR	£57,500	£50,179	15% above HPI

6 THE FORGE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Dudley local authority area over time, sourced from the HPI. The five 6 THE FORGE sales between March 2001 and April 2022 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 September 2019 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the April 2022 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 6 THE FORGE be worth now?

6 THE FORGE might now be worth an estimated £191,311.

This is based on house price inflation of 14.2%, between April 2022 and May 2026, for terraced houses, in the Dudley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.2% inflationary increase is applied to the most recent sale price for 6 THE FORGE of £167,500 on 1st April 2022. For the value to have increased from £167,500 to £191,311 over the three years and eleven months to May 2026, the following assumptions must hold true:

• The value of 6 THE FORGE has moved in line with the HPI for terraced houses in the Dudley local authority area.
• The April 2022 sale price of £167,500 represented a fair market value for the property.
• The size, condition, and specification of 6 THE FORGE has not materially changed since April 2022.

How Large is 6 THE FORGE?

6 THE FORGE is 51m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 10% of terraced houses houses in Halesowen, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Halesowen, and where 6 THE FORGE lies on this distribution: 2% of terraced houses houses are smaller than 6 THE FORGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Halesowen.

6 THE FORGE: Plot and Title Map

6 THE FORGE sits on a plot of roughly 0.026 of an acre, or 106m². The below map shows the location of 6 THE 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 6 THE 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 6 THE FORGE?

6 THE FORGE is located in HALESOWEN, in the B63 postcode district. The below map shows the position of No. 6 on THE FORGE.