FORGE COTTAGE, MAIN ROAD, OTTERBOURNE, WINCHESTER, SO21 2EE - £395,000

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.

FORGE COTTAGE is a small extended detached house of 125m², built sometime before 1900, which could now be worth an estimated £634,553. It was last sold for £395,000 in November 2010, which was around 17% below the average November 2010 detached price in the Winchester local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was D.

FORGE COTTAGE Sold Prices

Land registry data shows two sales for FORGE COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Winchester local authority area for the corresponding sale date. Both of the two FORGE COTTAGE 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 11 NOV	£395,000	£477,576	17% below HPI
2003 14 FEB	£325,000	£381,520	15% below HPI

FORGE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Winchester local authority area over time, sourced from the HPI. The two FORGE COTTAGE sales from February 2003 and November 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 February 2003 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2010 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might FORGE COTTAGE be worth now?

FORGE COTTAGE might now be worth an estimated £634,553.

This is based on house price inflation of 60.6%, between November 2010 and May 2026, for detached houses, in the Winchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 60.6% inflationary increase is applied to the most recent sale price for FORGE COTTAGE of £395,000 on 11th November 2010. For the value to have increased from £395,000 to £634,553 over the sixteen years and six months to May 2026, the following assumptions must hold true:

• The value of FORGE COTTAGE has moved in line with the HPI for detached houses in the Winchester local authority area.
• The November 2010 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of FORGE COTTAGE has not materially changed since November 2010.

How Large is FORGE COTTAGE?

FORGE COTTAGE is 125m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the smallest 30% of detached houses houses in Otterbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Otterbourne, and where FORGE COTTAGE lies on this distribution: 24% of detached houses houses are smaller than FORGE COTTAGE, and 76% of houses are larger. Note that EPC data is not available for all properties in Otterbourne.

Where is FORGE COTTAGE?

FORGE COTTAGE is located on MAIN ROAD in OTTERBOURNE, in the SO21 postcode district. The below map shows the position of FORGE COTTAGE on MAIN ROAD.