FORGE COTTAGE, THE GREEN, SALTWOOD, HYTHE, CT21 4PT - £355,000

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.

FORGE COTTAGE is a very small extended detached house of 91m², built sometime between 1983 and 1990, which could now be worth an estimated £488,176. It was last sold for £355,000 in June 2016, which was around 8% below the average June 2016 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

FORGE COTTAGE Sold Prices

Land registry data shows four sales for FORGE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. Most of the four 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
2016 15 JUN	£355,000	£383,831	8% below HPI
2002 11 SEP	£235,000	£201,739	16% above HPI
2000 8 DEC	£130,000	£141,312	8% below HPI
1999 29 APR	£107,500	£109,060	1% below HPI

FORGE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Folkestone and Hythe local authority area over time, sourced from the HPI. The four FORGE COTTAGE sales between April 1999 and June 2016 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 September 2002 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the June 2016 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might FORGE COTTAGE be worth now?

FORGE COTTAGE might now be worth an estimated £488,176.

This is based on house price inflation of 37.5%, between June 2016 and February 2025, for detached houses, in the Folkestone and Hythe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37.5% inflationary increase is applied to the most recent sale price for FORGE COTTAGE of £355,000 on 15th June 2016. For the value to have increased from £355,000 to £488,176 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of FORGE COTTAGE has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The June 2016 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of FORGE COTTAGE has not materially changed since June 2016.

How Large is FORGE COTTAGE?

FORGE COTTAGE is 91m², which includes two extensions, according to the EPC inspection conducted in April 2014. This puts it in the smallest 20% of detached houses houses in Saltwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Saltwood, and where FORGE COTTAGE lies on this distribution: 12% of detached houses houses are smaller than FORGE COTTAGE, and 87% of houses are larger. Note that EPC data is not available for all properties in Saltwood.

FORGE COTTAGE: Plot and Title Map

FORGE COTTAGE sits on a plot of roughly 0.077 of an acre, or 311m². 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 THE GREEN in SALTWOOD, in the CT21 postcode district. The below map shows the position of FORGE COTTAGE on THE GREEN.