THE FORGE, MARTIN, FORDINGBRIDGE, SP6 3LA - £570,000

THE FORGE is a midsized extended detached house of 149m², built sometime between 1967 and 1975. It was last sold for £570,000 in July 2016, which was around 31% above the average July 2016 detached price in the New Forest local authority area. The most recent EPC inspection was March 2016, where the current energy rating was F, and the potential energy rating was C.

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 New Forest local authority area for the corresponding sale date. All of the three 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
2016 5 JUL	£570,000	£434,985	31% above HPI
2010 21 MAY	£490,000	£343,164	43% above HPI
1995 27 JAN	£145,000	£102,163	42% above HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The three THE FORGE sales between January 1995 and July 2016 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 May 2010 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the July 2016 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is THE FORGE?

THE FORGE is 149m², which includes four extensions, according to the EPC inspection conducted in March 2016. This puts it in the largest 50% of detached houses in Martin, based on EPC data. The below chart shows the distribution of detached houses by size in Martin, and where THE FORGE lies on this distribution: 54% of detached houses are smaller than THE FORGE, and 46% of houses are larger. Note that EPC data is not available for all properties in Martin.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.395 of an acre, or 1,597m². 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 in MARTIN, in the SP6 postcode district. The below map shows the position of THE FORGE in MARTIN.