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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

FORGE COTTAGE is a small detached house of 104m², built sometime between 1976 and 1982, which could now be worth an estimated £341,532. It was last sold for £290,000 in October 2018, which was around 34% 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	£441,300	34% below HPI
2014 28 FEB	£187,500	£330,449	43% below HPI
2002 3 DEC	£191,000	£250,617	24% 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 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the October 2018 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might FORGE COTTAGE be worth now?

FORGE COTTAGE might now be worth an estimated £341,532.

This is based on house price inflation of 17.8%, between October 2018 and December 2024, for detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.8% inflationary increase is applied to the most recent sale price for FORGE COTTAGE of £290,000 on 8th October 2018. For the value to have increased from £290,000 to £341,532 over the five years and ten months to December 2024, the following assumptions must hold true:

• The value of FORGE COTTAGE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The October 2018 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of FORGE COTTAGE has not materially changed since October 2018.

How Large is FORGE COTTAGE?

FORGE COTTAGE is 104m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 30% of detached houses houses in Redlynch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redlynch, and where FORGE COTTAGE lies on this distribution: 21% of detached houses houses are smaller than FORGE COTTAGE, and 79% 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 0.084 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.