THE OLD FORGE, HILGAY ROAD, WEST DEREHAM, KING'S LYNN, PE33 9RW - £387,500

THE OLD FORGE is a large extended detached house of 182m², built sometime between 1996 and 2002. It was last sold for £387,500 in March 2020, which was around 35% above the average March 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

THE OLD FORGE Sold Prices

Land registry data shows three sales for THE OLD 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 King's Lynn and West Norfolk local authority area for the corresponding sale date. All of the three THE OLD 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
2020 24 MAR	£387,500	£286,391	35% above HPI
2013 12 DEC	£270,000	£213,297	27% above HPI
2002 24 MAY	£189,000	£122,014	55% above HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the King's Lynn and West Norfolk local authority area over time, sourced from the HPI. The three THE OLD FORGE sales between May 2002 and March 2020 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 2013 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the March 2020 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is THE OLD FORGE?

THE OLD FORGE is 182m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the largest 30% of detached houses in West Dereham, based on EPC data. The below chart shows the distribution of detached houses by size in West Dereham, and where THE OLD FORGE lies on this distribution: 79% of detached houses are smaller than THE OLD FORGE, and 21% of houses are larger. Note that EPC data is not available for all properties in West Dereham.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.200 of an acre, or 810m². 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 HILGAY ROAD in WEST DEREHAM, in the PE33 postcode district. The below map shows the position of THE OLD FORGE on HILGAY ROAD.