FORGE DENE, MELMERBY, RIPON, HG4 5HA - £520,000

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 DENE is a large extended detached house of 172m², built sometime between 2003 and 2006, which could now be worth an estimated £584,747. It was last sold for £520,000 in October 2021, which was around 35% above the average October 2021 detached price in the North Yorkshire local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was C.

FORGE DENE Sold Prices

Land registry data shows four sales for FORGE DENE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Yorkshire local authority area for the corresponding sale date. All of the four FORGE DENE sales were for above 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
2021 12 OCT	£520,000	£385,491	35% above HPI
2006 30 JUN	£390,000	£275,065	42% above HPI
2003 19 DEC	£250,000	£224,658	11% above HPI
2003 13 JUN	£220,000	£204,999	7% above HPI

FORGE DENE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Yorkshire local authority area over time, sourced from the HPI. The four FORGE DENE sales between June 2003 and October 2021 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 June 2006 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the October 2021 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might FORGE DENE be worth now?

FORGE DENE might now be worth an estimated £584,747.

This is based on house price inflation of 12.5%, between October 2021 and May 2026, for detached houses, in the North Yorkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.5% inflationary increase is applied to the most recent sale price for FORGE DENE of £520,000 on 12th October 2021. For the value to have increased from £520,000 to £584,747 over the five years and five months to May 2026, the following assumptions must hold true:

• The value of FORGE DENE has moved in line with the HPI for detached houses in the North Yorkshire local authority area.
• The October 2021 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of FORGE DENE has not materially changed since October 2021.

How Large is FORGE DENE?

FORGE DENE is 172m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 40% of detached houses houses in Melmerby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melmerby, and where FORGE DENE lies on this distribution: 68% of detached houses houses are smaller than FORGE DENE, and 33% of houses are larger. Note that EPC data is not available for all properties in Melmerby.

FORGE DENE: Plot and Title Map

FORGE DENE sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of FORGE DENE, 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 FORGE DENE). 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 FORGE DENE?

FORGE DENE is located in MELMERBY, in the HG4 postcode district. The below map shows the position of FORGE DENE in MELMERBY.