THE FORGE, NEWNHAM BRIDGE, TENBURY WELLS, WR15 8JE - £286,000

THE FORGE is a small extended detached house of 114m², built sometime before 1900. It was last sold for £286,000 in November 2013, which was around 1% below the average November 2013 detached price in the Malvern Hills local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

THE FORGE Sold Prices

Land registry data shows two sales for THE FORGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Malvern Hills local authority area for the corresponding sale date. Both of the two 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
2013 4 NOV	£286,000	£287,932	1% below HPI
1997 17 FEB	£65,750	£94,622	31% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Malvern Hills local authority area over time, sourced from the HPI. The two THE FORGE sales from February 1997 and November 2013 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 February 1997 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2013 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is THE FORGE?

THE FORGE is 114m², which includes two extensions, according to the EPC inspection conducted in April 2013. This puts it in the smallest 20% of detached houses in Newnham Bridge, based on EPC data. The below chart shows the distribution of detached houses by size in Newnham Bridge, and where THE FORGE lies on this distribution: 20% of detached houses are smaller than THE FORGE, and 76% of houses are larger. Note that EPC data is not available for all properties in Newnham Bridge.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.233 of an acre, or 943m². 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 NEWNHAM BRIDGE, in the WR15 postcode district. The below map shows the position of THE FORGE in NEWNHAM BRIDGE.