FORGE MILL COTTAGE, LITTLE SOMERFORD, CHIPPENHAM, SN15 5JW - £325,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

FORGE MILL COTTAGE is a very small extended detached house of 69m², built sometime before 1900. It was last sold for £325,000 in May 2022, which was around 32% below the average May 2022 detached price in the Wiltshire local authority area. The most recent EPC inspection was March 2022, where the current energy rating was E, and the potential energy rating was C.

FORGE MILL COTTAGE Sold Prices

Land registry data shows four sales for FORGE MILL 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 Wiltshire local authority area for the corresponding sale date. All of the four FORGE MILL 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
2022 13 MAY	£325,000	£480,570	32% below HPI
2007 16 FEB	£227,500	£314,127	28% below HPI
2003 10 OCT	£174,000	£265,779	35% below HPI
1999 10 DEC	£125,000	£155,256	19% below HPI

FORGE MILL 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 four FORGE MILL COTTAGE sales between December 1999 and May 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 February 2007 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2022 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is FORGE MILL COTTAGE?

FORGE MILL COTTAGE is 69m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of detached houses in Little Somerford, based on EPC data. The below chart shows the distribution of detached houses by size in Little Somerford, and where FORGE MILL COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than FORGE MILL COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Little Somerford.

FORGE MILL COTTAGE: Plot and Title Map

FORGE MILL COTTAGE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of FORGE MILL 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 MILL 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 MILL COTTAGE?

FORGE MILL COTTAGE is located in LITTLE SOMERFORD, in the SN15 postcode district. The below map shows the position of FORGE MILL COTTAGE in LITTLE SOMERFORD.