OLD FORGE, MAIN STREET, SOUTH MUSKHAM, NEWARK, NG23 6EE - £560,000

OLD FORGE is a very large extended detached house of 225m², built sometime between 1991 and 1995. It was last sold for £560,000 in July 2020, which was around 106% above the average July 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

OLD FORGE Sold Prices

Land registry data shows five sales for OLD FORGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the five OLD FORGE 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
2020 31 JUL	£560,000	£271,190	106% above HPI
2010 30 APR	£443,000	£201,354	120% above HPI
2006 13 JUN	£395,000	£207,227	91% above HPI
2002 6 SEP	£275,000	£141,160	95% above HPI
1996 29 NOV	£129,950	£72,490	79% above HPI

OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The five OLD FORGE sales between November 1996 and July 2020 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 April 2010 sale was for 120% above the HPI. So the extrapolation line tracks at 120% above the HPI over time, until the July 2020 sale, where it falls to 106% above the HPI. The line then continues to track at 106% above the HPI.

How Large is OLD FORGE?

OLD FORGE is 225m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 10% of detached houses in South Muskham, based on EPC data. The below chart shows the distribution of detached houses by size in South Muskham, and where OLD FORGE lies on this distribution: 96% of detached houses are smaller than OLD FORGE, and 4% of houses are larger. Note that EPC data is not available for all properties in South Muskham.

OLD FORGE: Plot and Title Map

OLD FORGE sits on a plot of roughly 0.206 of an acre, or 835m². The below map shows the location of OLD FORGE, 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 OLD FORGE). 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 OLD FORGE?

OLD FORGE is located on MAIN STREET in SOUTH MUSKHAM, in the NG23 postcode district. The below map shows the position of OLD FORGE on MAIN STREET.