THE FORGE, BROOKSIDE, RUNCTON, CHICHESTER, PO20 1PX - £289,950

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.

THE FORGE is a very small extended detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £439,904. It was last sold for £289,950 in May 2011, which was around 35% below the average May 2011 detached price in the Chichester local authority area. The most recent EPC inspection was October 2010, where the current energy rating was E, and the potential energy rating was E.

THE FORGE Sold Prices

Land registry data shows three sales for THE FORGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the three THE FORGE 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
2011 9 MAY	£289,950	£447,274	35% below HPI
2008 1 AUG	£250,000	£449,176	44% below HPI
2007 25 MAY	£249,950	£428,455	42% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The three THE FORGE sales between May 2007 and May 2011 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 2008 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the May 2011 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might THE FORGE be worth now?

THE FORGE might now be worth an estimated £439,904.

This is based on house price inflation of 51.7%, between May 2011 and April 2026, for detached houses, in the Chichester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 51.7% inflationary increase is applied to the most recent sale price for THE FORGE of £289,950 on 9th May 2011. For the value to have increased from £289,950 to £439,904 over the fifteen years and one month to April 2026, the following assumptions must hold true:

• The value of THE FORGE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The May 2011 sale price of £289,950 represented a fair market value for the property.
• The size, condition, and specification of THE FORGE has not materially changed since May 2011.

How Large is THE FORGE?

THE FORGE is 82m², which includes one extension, according to the EPC inspection conducted in October 2010. This puts it in the smallest 10% of detached houses houses in Runcton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Runcton, and where THE FORGE lies on this distribution: 5% of detached houses houses are smaller than THE FORGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Runcton.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of THE 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 THE 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 THE FORGE?

THE FORGE is located on BROOKSIDE in RUNCTON, in the PO20 postcode district. The below map shows the position of THE FORGE on BROOKSIDE.