THE FORGE, THE STREET, GOODERSTONE, KING'S LYNN, PE33 9BP - £490,000

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 small extended detached house of 120m², built sometime before 1900, which could now be worth an estimated £495,375. It was last sold for £490,000 in September 2023, which was around 34% above the average September 2023 detached price in the Breckland local authority area. The most recent EPC inspection was September 2020, where the current energy rating was F, and the potential energy rating was B.

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 Breckland local authority area for the corresponding sale date. Two of the three THE FORGE sales were for above the average price, whilst one was 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
2023 18 SEP	£490,000	£366,411	34% above HPI
2021 16 MAR	£355,000	£328,376	8% above HPI
2008 20 FEB	£220,000	£232,043	5% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three THE FORGE sales between February 2008 and September 2023 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 March 2021 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the September 2023 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might THE FORGE be worth now?

THE FORGE might now be worth an estimated £495,375.

This is based on house price inflation of 1.1%, between September 2023 and February 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.1% inflationary increase is applied to the most recent sale price for THE FORGE of £490,000 on 18th September 2023. For the value to have increased from £490,000 to £495,375 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of THE FORGE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The September 2023 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of THE FORGE has not materially changed since September 2023.

How Large is THE FORGE?

THE FORGE is 120m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 30% of detached houses houses in Gooderstone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gooderstone, and where THE FORGE lies on this distribution: 28% of detached houses houses are smaller than THE FORGE, and 72% of houses are larger. Note that EPC data is not available for all properties in Gooderstone.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 1.3 acres, or 5,439m². 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 THE STREET in GOODERSTONE, in the PE33 postcode district. The below map shows the position of THE FORGE on THE STREET.