8, FORGE PLACE, HORLEY, RH6 0AL - £330,000

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.

8 FORGE PLACE is a very small extended terraced house of 63m², built sometime between 2003 and 2006, which could now be worth an estimated £368,270. It was last sold for £330,000 in June 2018, which was around 16% below the average June 2018 terraced price in the Mole Valley local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

8 FORGE PLACE Sold Prices

Land registry data shows three sales for 8 FORGE PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Mole Valley local authority area for the corresponding sale date. All of the three 8 FORGE PLACE 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
2018 18 JUN	£330,000	£394,013	16% below HPI
2004 30 JUL	£194,500	£210,705	8% below HPI
2003 11 JUL	£181,450	£200,330	9% below HPI

8 FORGE PLACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Mole Valley local authority area over time, sourced from the HPI. The three 8 FORGE PLACE sales between July 2003 and June 2018 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 July 2004 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2018 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 8 FORGE PLACE be worth now?

8 FORGE PLACE might now be worth an estimated £368,270.

This is based on house price inflation of 11.6%, between June 2018 and May 2026, for terraced houses, in the Mole Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.6% inflationary increase is applied to the most recent sale price for 8 FORGE PLACE of £330,000 on 18th June 2018. For the value to have increased from £330,000 to £368,270 over the eight years and one month to May 2026, the following assumptions must hold true:

• The value of 8 FORGE PLACE has moved in line with the HPI for terraced houses in the Mole Valley local authority area.
• The June 2018 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FORGE PLACE has not materially changed since June 2018.

How Large is 8 FORGE PLACE?

8 FORGE PLACE is 63m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 10% of terraced houses houses in Hookwood, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Hookwood, and where 8 FORGE PLACE lies on this distribution: Less than 1% of terraced houses houses are smaller than 8 FORGE PLACE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Hookwood.

8 FORGE PLACE: Plot and Title Map

8 FORGE PLACE sits on a plot of roughly 0.020 of an acre, or 82m². The below map shows the location of 8 FORGE PLACE, 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 8 FORGE PLACE). 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 8 FORGE PLACE?

8 FORGE PLACE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 8 on FORGE PLACE.