THE FORGE, HIGH STREET, CHIEVELEY, NEWBURY, RG20 8UR - £605,000

THE FORGE is a very small extended detached house of 89m², built sometime before 1900. It was last sold for £605,000 in May 2014, which was around 35% above the average May 2014 detached price in the West Berkshire local authority area. The most recent EPC inspection was September 2010, where the current energy rating was E, and the potential energy rating was D.

THE FORGE Sold Prices

Land registry data shows five sales for THE 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 West Berkshire local authority area for the corresponding sale date. All of the five THE 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
2014 23 MAY	£605,000	£447,943	35% above HPI
2010 3 DEC	£480,000	£395,107	21% above HPI
2007 4 DEC	£410,000	£406,866	1% above HPI
2002 6 SEP	£387,500	£303,905	28% above HPI
1996 12 APR	£185,000	£120,535	53% above HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Berkshire local authority area over time, sourced from the HPI. The five THE FORGE sales between April 1996 and May 2014 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 December 2010 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the May 2014 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is THE FORGE?

THE FORGE is 89m², which includes two extensions, according to the EPC inspection conducted in September 2010. This puts it in the smallest 20% of detached houses in Chieveley, based on EPC data. The below chart shows the distribution of detached houses by size in Chieveley, and where THE FORGE lies on this distribution: 11% of detached houses are smaller than THE FORGE, and 89% of houses are larger. Note that EPC data is not available for all properties in Chieveley.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.105 of an acre, or 423m². 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 HIGH STREET in CHIEVELEY, in the RG20 postcode district. The below map shows the position of THE FORGE on HIGH STREET.