FORGE HOUSE, MORSE LANE, DRYBROOK, GL17 9AF - £300,000

FORGE HOUSE is a large extended detached house of 138m², built sometime before 1900. It was last sold for £300,000 in March 2022, which was around 24% below the average March 2022 detached price in the Forest of Dean local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was C.

FORGE HOUSE Sold Prices

Land registry data shows two sales for FORGE HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. Both of the two FORGE HOUSE 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 25 MAR	£300,000	£396,076	24% below HPI
2002 23 AUG	£108,000	£153,389	30% below HPI

FORGE HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Forest of Dean local authority area over time, sourced from the HPI. The two FORGE HOUSE sales from August 2002 and March 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 August 2002 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2022 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is FORGE HOUSE?

FORGE HOUSE is 138m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the largest 40% of detached houses in Drybrook, based on EPC data. The below chart shows the distribution of detached houses by size in Drybrook, and where FORGE HOUSE lies on this distribution: 66% of detached houses are smaller than FORGE HOUSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Drybrook.

FORGE HOUSE: Plot and Title Map

FORGE HOUSE sits on a plot of roughly 0.077 of an acre, or 311m². 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 on MORSE LANE in DRYBROOK, in the GL17 postcode district. The below map shows the position of FORGE HOUSE on MORSE LANE.