FORGE COTTAGE, GROVE LANE, REDLYNCH, SALISBURY, SP5 2NR - £290,000

FORGE COTTAGE is a small detached house of 104m², built sometime between 1976 and 1982. It was last sold for £290,000 in October 2018, which was around 32% below the average October 2018 detached price in the Wiltshire local authority area. The most recent EPC inspection was April 2013, where the current energy rating was E, and the potential energy rating was C.

FORGE COTTAGE Sold Prices

Land registry data shows three sales for FORGE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the three FORGE COTTAGE 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
2018 8 OCT	£290,000	£426,442	32% below HPI
2014 28 FEB	£187,500	£319,323	41% below HPI
2002 3 DEC	£191,000	£242,179	21% below HPI

FORGE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The three FORGE COTTAGE sales between December 2002 and October 2018 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 February 2014 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the October 2018 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is FORGE COTTAGE?

FORGE COTTAGE is 104m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 20% of detached houses in Redlynch, based on EPC data. The below chart shows the distribution of detached houses by size in Redlynch, and where FORGE COTTAGE lies on this distribution: 20% of detached houses are smaller than FORGE COTTAGE, and 80% of houses are larger. Note that EPC data is not available for all properties in Redlynch.

FORGE COTTAGE: Plot and Title Map

FORGE COTTAGE sits on a plot of roughly 0.083 of an acre, or 338m². The below map shows the location of FORGE COTTAGE, 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 FORGE COTTAGE). 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 FORGE COTTAGE?

FORGE COTTAGE is located on GROVE LANE in REDLYNCH, in the SP5 postcode district. The below map shows the position of FORGE COTTAGE on GROVE LANE.