THE OLD FORGE, WHEATSHEAF LANE, LONG BENNINGTON, NEWARK, NG23 5DU - £395,000

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 OLD FORGE is a midsized extended semi-detached house of 154m², built sometime before 1900, which could now be worth an estimated £405,952. It was last sold for £395,000 in March 2023, which was around 72% above the average March 2023 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, 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 semi-detached price in the South Kesteven 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
2023 31 MAR	£395,000	£229,883	72% above HPI
2019 31 JAN	£345,000	£187,367	84% above HPI
2013 18 DEC	£235,000	£144,717	62% above HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Kesteven local authority area over time, sourced from the HPI. The three THE OLD FORGE sales between December 2013 and March 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 January 2019 sale was for 84% above the HPI. So the extrapolation line tracks at 84% above the HPI over time, until the March 2023 sale, where it falls to 72% above the HPI. The line then continues to track at 72% above the HPI.

What might THE OLD FORGE be worth now?

THE OLD FORGE might now be worth an estimated £405,952.

This is based on house price inflation of 2.8%, between March 2023 and February 2025, for semi-detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.8% inflationary increase is applied to the most recent sale price for THE OLD FORGE of £395,000 on 31st March 2023. For the value to have increased from £395,000 to £405,952 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of THE OLD FORGE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The March 2023 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD FORGE has not materially changed since March 2023.

How Large is THE OLD FORGE?

THE OLD FORGE is 154m², which includes two extensions, according to the EPC inspection conducted in May 2014. This puts it in the smallest 50% of semi-detached houses houses in Long Bennington, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Long Bennington, and where THE OLD FORGE lies on this distribution: 49% of semi-detached houses houses are smaller than THE OLD FORGE, and 50% of houses are larger. Note that EPC data is not available for all properties in Long Bennington.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.090 of an acre, or 364m². 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 WHEATSHEAF LANE in LONG BENNINGTON, in the NG23 postcode district. The below map shows the position of THE OLD FORGE on WHEATSHEAF LANE.