THE OLD FORGE, MAIN STREET, FOSTON, GRANTHAM, NG32 2JU - £360,000

THE OLD FORGE is a small extended detached house of 105m², built sometime before 1900. It was last sold for £360,000 in August 2023, which was around 7% below the average August 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, 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 South Kesteven local authority area for the corresponding sale date. All 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
2023 14 AUG	£360,000	£387,578	7% below HPI
2016 17 JUN	£235,000	£262,677	11% below HPI
2001 15 AUG	£113,000	£122,880	8% below HPI
1997 18 APR	£63,000	£75,512	17% below HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The four THE OLD FORGE sales between April 1997 and August 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 June 2016 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the August 2023 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is THE OLD FORGE?

THE OLD FORGE is 105m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 30% of detached houses in Foston, based on EPC data. The below chart shows the distribution of detached houses by size in Foston, and where THE OLD FORGE lies on this distribution: 23% of detached houses are smaller than THE OLD FORGE, and 77% of houses are larger. Note that EPC data is not available for all properties in Foston.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.058 of an acre, or 236m². 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 MAIN STREET in FOSTON, in the NG32 postcode district. The below map shows the position of THE OLD FORGE on MAIN STREET.