THE OLD FORGE, CORNMILL LANE, TUTBURY, BURTON-ON-TRENT, DE13 9HA - £125,000

THE OLD FORGE is a very small extended detached house of 55m², built sometime between 2003 and 2006. It was last sold for £125,000 in May 2014, which was around 44% below the average May 2014 detached price in the East Staffordshire local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

THE OLD FORGE Sold Prices

Land registry data shows four sales for THE OLD FORGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Staffordshire local authority area for the corresponding sale date. Most of the four THE OLD 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
2014 2 MAY	£125,000	£223,382	44% below HPI
2012 2 OCT	£97,000	£206,287	53% below HPI
2005 27 APR	£60,500	£200,156	70% below HPI
2002 31 MAY	£210,000	£123,155	71% above HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Staffordshire local authority area over time, sourced from the HPI. The four THE OLD FORGE sales between May 2002 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 October 2012 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the May 2014 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is THE OLD FORGE?

THE OLD FORGE is 55m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the smallest 10% of detached houses in Tutbury, based on EPC data. The below chart shows the distribution of detached houses by size in Tutbury, and where THE OLD FORGE lies on this distribution: 3% of detached houses are smaller than THE OLD FORGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Tutbury.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.043 of an acre, or 174m². The below map shows the location of THE OLD 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 OLD 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 OLD FORGE?

THE OLD FORGE is located on CORNMILL LANE in TUTBURY, in the DE13 postcode district. The below map shows the position of THE OLD FORGE on CORNMILL LANE.