THE OLD FORGE, POUND LANE, BURLEY, RINGWOOD, BH24 4ED - £774,950

THE OLD FORGE is a midsized extended detached house of 145m², built sometime before 1900. It was last sold for £774,950 in March 2022, which was around 33% above the average March 2022 detached price in the New Forest local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was C.

THE OLD FORGE Sold Prices

Land registry data shows six sales for THE OLD FORGE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the six 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
2022 9 MAR	£774,950	£582,579	33% above HPI
2013 6 DEC	£545,000	£357,767	52% above HPI
2010 10 MAR	£470,000	£334,559	40% above HPI
2000 21 JAN	£295,000	£159,956	84% above HPI
1998 19 MAY	£185,000	£131,110	41% above HPI
1996 15 NOV	£127,000	£108,543	17% above HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The six THE OLD FORGE sales between November 1996 and March 2022 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 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the March 2022 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is THE OLD FORGE?

THE OLD FORGE is 145m², which includes two extensions, according to the EPC inspection conducted in September 2013. This puts it in the smallest 50% of detached houses in Burley, based on EPC data. The below chart shows the distribution of detached houses by size in Burley, and where THE OLD FORGE lies on this distribution: 42% of detached houses are smaller than THE OLD FORGE, and 58% of houses are larger. Note that EPC data is not available for all properties in Burley.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.166 of an acre, or 672m². 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 POUND LANE in BURLEY, in the BH24 postcode district. The below map shows the position of THE OLD FORGE on POUND LANE.