FORGE HOUSE, LOWER SOMERSHAM, IPSWICH, IP8 4PJ - £575,000

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 HOUSE is a very large extended detached house of 201m², built sometime before 1900, which could now be worth an estimated £635,739. It was last sold for £575,000 in July 2024, which was around 37% above the average July 2024 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was E, and the potential energy rating was C.

FORGE HOUSE Sold Prices

Land registry data shows three sales for FORGE HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three FORGE HOUSE 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
2024 31 JUL	£575,000	£420,563	37% above HPI
2011 25 AUG	£380,000	£259,992	46% above HPI
1995 20 OCT	£140,000	£79,958	75% above HPI

FORGE HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The three FORGE HOUSE sales between October 1995 and July 2024 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 August 2011 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the July 2024 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might FORGE HOUSE be worth now?

FORGE HOUSE might now be worth an estimated £635,739.

This is based on house price inflation of 10.6%, between July 2024 and March 2025, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.6% inflationary increase is applied to the most recent sale price for FORGE HOUSE of £575,000 on 31st July 2024. For the value to have increased from £575,000 to £635,739 over the one year and four months to March 2025, the following assumptions must hold true:

• The value of FORGE HOUSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The July 2024 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of FORGE HOUSE has not materially changed since July 2024.

How Large is FORGE HOUSE?

FORGE HOUSE is 201m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 20% of detached houses houses in Somersham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Somersham, and where FORGE HOUSE lies on this distribution: 87% of detached houses houses are smaller than FORGE HOUSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Somersham.

FORGE HOUSE: Plot and Title Map

FORGE HOUSE sits on a plot of roughly 0.194 of an acre, or 787m². The below map shows the location of FORGE HOUSE, 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 HOUSE). 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 HOUSE?

FORGE HOUSE is located in LOWER SOMERSHAM, in the IP8 postcode district. The below map shows the position of FORGE HOUSE in LOWER SOMERSHAM.